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Golden handshake
/ɡˈəʊldən hˈandʃeɪk/
/ɡˈoʊldən hˈændʃeɪk/Golden handshake
01
a payment or package given to a worker, usually a high-ranking manager, when they leave a company
IdiomWhat is the origin of the idiom "golden handshake" and when to use it?
The idiom "golden handshake" also originates from the world of corporate finance and employment. This phrase is used to describe a lucrative severance package or financial arrangement offered to an employee upon their retirement or departure from the company.
Example
During the organizational changes, many employees were considering whether to accept the golden handshake offers.
If the company downsizes, there might be several employees eligible for golden handshakes.
The company is planning to restructure, and some senior employees may be offered golden handshakes to encourage early retirement.
