A golden handshake

Definition

A ‘golden handshake’ is a term for an incentive offered to a departing employee, usually in the form of a bonus or additional compensation.

Examples

The company offered him a golden handshake as a thank you for his years of service.

She accepted the golden handshake and left the company with a large bonus.

Origin

The origin of the phrase is disputed, but it is thought to have originated in the United States in the late 1970s.

FAQs

What is a golden handshake?

A golden handshake is an incentive offered to a departing employee, usually in the form of a bonus or additional compensation.

Is a golden handshake mandatory?

No, a golden handshake is not mandatory. It is typically offered by the company as a gesture of goodwill.

How much is a golden handshake?

The amount of a golden handshake varies depending on the company and the employee’s contributions.