Golden Handcuffs

Refers to a financial incentive or compensation package offered by a company to an employee in order to retain them for an extended period of time. This often includes stock options, bonuses, and other perks that vest over time. The idea is to make it financially difficult for the employee to leave the company, hence the term “handcuffs.” However, this can also create a situation where the employee feels trapped and unable to leave even if they are unhappy in their position.

In business coaching, golden handcuffs can refer to financial incentives that keep an individual in a job they may not find fulfilling. Coaches may work with clients to explore the potential risks and benefits of remaining in a job for financial stability, versus pursuing new opportunities that align better with their personal and professional goals. Through this process, coaches can help clients make more informed decisions about their career paths, and develop strategies for breaking free from golden handcuffs if necessary.

Golden Handcuffs DEFINITION:

"1.Financial incentives or benefits designed to keep employees from leaving a company. 2.The term can also describe a situation where an employee feels trapped in their current job due to the financial consequences of leaving."

Golden Handcuffs QUOTE:

1."Golden handcuffs: when your salary is so good, you're chained to your desk like a well-paid prisoner." 2."The golden handcuffs dilemma: staying in a job for the money or taking a risk and chasing your dreams."