Golden Handcuffs

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What are golden handcuffs?

We can define golden handcuffs as financial incentives, such as bonuses designed and offered to keep talented workers from leaving an organization. Golden handcuffs are pretty common in industries, such as IT, where highly compensated employees are inclined to move from one organization to another. They are a tactic to motivate and retain talent.

Elements

Here are some common types of golden handcuffs:

  • Example 1: Stock options
  • Example 2: Insurance policies
  • Example 3: Lucrative commissions

Here is a helpful article about golden handcuffs.

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