golden handcuffs


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golden handcuffs

A situation that is undesirable, unenjoyable, or unfulfilling but that provides enough financial security as to make one unwilling or unable to leave. After nearly three years at my mind-numbing job, held back by the golden handcuffs of my salary and benefits, I decided to break away from it all and go live in Japan.
See also: golden, handcuff

golden handcuffs

Financial benefits that an employee will lose upon resigning, as in The company's presented all the middle managers with golden handcuffs, so they can't afford to leave . This slangy business expression dates from the 1970s.
See also: golden, handcuff

golden handcuffs

n. monetary inducements to stay on the job. (see also golden parachute.) The company provided a variety of golden handcuffs to keep its execs happy through a takeover.
See also: golden, handcuff
References in periodicals archive ?
I would like to correct some of the misleading statements in the article, "Loosening the Golden Handcuffs," which appeared in the July/August edition of The Washington Monthly.
Ordinarily used in addition to such plans, a golden handcuffs agreement offers post-employment bonus payments to the association executive as an inducement to remain employed by the association for an extended period of time, hence handcuffing him or her to the position until a designated time.
During a corporate slump, repricing options can be an effective and inexpensive means of providing employees with incentives and keeping their golden handcuffs secure.
The contract amounts to ``huge golden handcuffs,'' said Disney director Raymond L.
CORONATION Street favourite Antony Cotton has signed a six-figure golden handcuffs deal to keep him on the cobbles until 2013.
CORRIE babe Michelle Keegan is celebrating "the best year of my life" after agreeing a lucrative golden handcuffs contract with ITV to stay on the cobbles for at least another year.
GAVIN and Stacey actor James Corden is poised to become ITV's third highest paid star in a pounds 6million, threeyear golden handcuffs deal.
COUNCIL boss Mark Henderson is quitting his job six months after signing a golden handcuffs deal.
Which TV presenter has signed a two-year golden handcuffs deal with ITV?
Over on BBC1 Graham Norton is celebrating being signed up in a Beeb golden handcuffs deal.
I can't tell you how many friends I have in the networks who feel that they're in golden handcuffs,'' he said.
They hope to sign a deal worth up to pounds 2million in April - just days after his golden handcuffs deal with ITV runs out and he films his final episode of TV Burp.
The pressies were in keeping with the show's non-PC style, but wouldn't crossgender goodies have been more fun - golden handcuffs and novelty truncheons?
ONE-time drug bad boy Craig Charles is set to seal his Coronation Street comeback with a pounds 500,000 golden handcuffs deal.