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 ?
A golden handcuffs provision can be stated simply within a letter of agreement or a full written employment agreement signed by an authorized association officer and the beneficiary executive.
NEWS today that Liverpool council's chief executive has received a golden handcuffs deal worth 20% during the next four years will no doubt cause concern among tax payers in our city.
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.
Whoever gets the job will be looking for a longterm, golden handcuffs deal.
During public question time, Alison Thomas of Abbey Meadows, Morpeth, asked how Coun Hillman to justify spending pounds 70,000 on the golden handcuffs payments at a time when the council was making pounds 4.
Walliams and Lucas, who recently signed a multi-million pound golden handcuffs deal with the BBC, are also planning a British spin-off show featuring their best-loved characters Lou and Andy.
Football violence will not be controlled until the FA is prepared to lose some of their golden handcuffs from Sky, the BBC and ITV, who now say when kick-offs should take place, for the convenience of the armchair fans.
LAST Sunday it was John Thaw, now it's the turn of Sarah Lancaster ; next week it will be the turn of Robson Green as ITV wheel out their big stars shackled to the company by some rather financially rewarding golden handcuffs.
EASTENDERS' hardman Martin Kemp is to quit the soap after being poached by ITV with a two-year golden handcuffs deal, thought to be worth pounds 1million.
ONE-time drug bad boy Craig Charles is set to seal his Coronation Street comeback with a pounds 500,000 golden handcuffs deal.
A GOLDEN handcuffs deal has given a county council's three top bosses a 20% pay rise.
In 1999, he quit and moved to ITV in a two-year golden handcuffs deal worth a reported pounds 1.
A GOLDEN handcuffs deal, that will see Liverpool's chief executive David Henshaw receive a 4.
Thaw has a golden handcuffs deal with ITV, thought to be worth pounds 2.