HR Digest
FEBRUARY 20, 2020
Top-hat plans: This is a non-funded plan which is maintained by an employer to provide any deferred compensation to a specific group of management or highly compensated employees. Golden parachutes: This is an agreement between the companies and the key professionals.
Strategy Driven
JANUARY 15, 2013
Every manager should seek to know the stay/leave propensity of his or her subordinates and certainly that of top performers. Recognizing these signs and factoring them into an assessment of employee loss risk is important to a manager’s ability to retain top talent. Talent Management Best Practice 1 – Ensure Employability.
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Roundtable Talk
JULY 30, 2010
From my perspective, chasing the dream not the paper is applicable whether you’re running a business or managing your career. On the flip side, people who I know who don’t love their jobs but make lots of money seem to spend a lot of time throwing around words like “golden handcuffs” and seem to be perpetually stressed and unhappy.
Strategy Driven
MARCH 11, 2011
It was very ‘old school’ (a management style that was 40 years obsolete), though it pretended to be ‘new school.’ ’ It fostered a false sense of security for employees, paying higher salaries than the marketplace, thus keeping employees dependent upon the system via golden handcuffs. Communications.
Harvard Business Review
DECEMBER 14, 2012
The group was diverse: I spoke with a 39-year-old managing director of a large investment bank, a failing self-employed photographer, a millionaire entrepreneur, and a Fortune 500 CEO. Whoever called them golden handcuffs wasn't joking. I wish I had quit earlier.
Harvard Business Review
NOVEMBER 20, 2015
Manage culture by setting expectations appropriately. Manage the arduously long sales cycle. When one customer is responsible for the lion’s share of your sales, it’s like golden handcuffs. The challenge is to cast off the handcuffs while keeping the gold. Innovate and invest, even when it hurts.
Harvard Business Review
JUNE 11, 2015
This employee shareholding system is referred to within Huawei as the “silver handcuff.” ” It is a system that is different from the more common stock option arrangement, which is often termed the “golden handcuff.” As he puts it, he wants everyone to act like the boss.
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