golden handcuffs

(redirected from Golden Handcuff)
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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 ?
In the last 12 months 26 social workers left - some due to retirement and relocation, but some when Calderdale Council offered so-called 'golden handcuffs.'.
GOLDEN HANDCUFFS Shareholders in commodities trader Glencore have overwhelmingly approved its long-awaited $31 billion takeover of miner Xstrata, paving the way for one of the largest tie-ups in the sector to date.
has signed a six-figure golden handcuffs deal to keep him on the cobbles until 2013.
Simon's pounds 20m golden handcuffs deal with ITV is set to expire in December..
The "golden handcuffs" scheme - a new drive to narrow the gulf between rich and poor - will be brought in in around 500 of the toughest secondaries, Children's Secretary Ed Balls said.
"Golden handcuffs" payments worth pounds 10,000; 2.
The Ministry of Public Enterprises has conceded that $3.4m a year has been allocated for its system of "golden handcuffs" that "funds the retention of necessary skills and experience to ensure the continuation of core functions," says Bhabhalazi Bulunga, SAA's human rights general manager, himself the recipient of a R16,000-a-month bonus.
"What I said was I felt golden handcuffs have to be put on the next Scotland manager," he said.
GORDON RAMSAY has signed a four-year golden handcuffs deal with Channel 4.
The various design features you can suggest are: 1) golden handcuffs; 2) cost recovery; 3) motivation for the long-term success of the business; 4) offset "reverse discrimination"; 5) enhancing loyalty; and, 6) leverage of the executive compensation package.
Aggregate chief executive Peter Tom together with Bill Bolsover, John Bowater and James Retallack, stand to share bonuses totalling pounds 3.55 million in a 'golden handcuffs' deal to keep them in post for at least two years after the merger.
Mr Skellett patiently explained that the money was part of a 'golden handcuffs' deal to keep him in his post so that he could oversee the new owners' business plans.
Patton referred to this phenomenon as "golden handcuffs," whereby a broker working on, for example, an 800,000-SF lease isn't likely to break from his firm until the lease is signed (and his commission is paid out.)
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.