Golden hello
Encyclopedia
A Golden hello is a bonus offered by hiring firms if the hired joins the company from a rival firm. It is very similar to the traditional joining bonus
offered by firms but will be offered usually for rival firm employees luring them into a firm.
Typically, "Golden hellos" are offered only to high-ranking executives by major corporation
s and may entail a value measured in millions of dollars.
In the UK a 'golden hello' is a financial incentive to teachers training in shortage subjects for secondary education. The value varies according to the subject with Science and Maths attracting £5000 where as music is offered £2500. The incentive is paid by the TDA teacher development agency.
Signing bonus
A signing bonus or sign-on bonus is a sum of money paid to a new employee by a company as an incentive to join that company. They are often given as a way of making a compensation package more attractive to the employee, e.g., if the annual salary is lower than he or she desires...
offered by firms but will be offered usually for rival firm employees luring them into a firm.
Typically, "Golden hellos" are offered only to high-ranking executives by major corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
s and may entail a value measured in millions of dollars.
In the UK a 'golden hello' is a financial incentive to teachers training in shortage subjects for secondary education. The value varies according to the subject with Science and Maths attracting £5000 where as music is offered £2500. The incentive is paid by the TDA teacher development agency.
See also
- Golden parachuteGolden parachuteA golden parachute is an agreement between a company and an employee specifying that the employee will receive certain significant benefits if employment is terminated. Sometimes, certain conditions, typically a change in company ownership, must be met, but often the cause of termination is...
- Voluntary redundancyVoluntary redundancyVoluntary redundancy is a financial incentive offered by an organisation to its employees with the purpose of attracting volunteers to leave the organisation, due to downsizing or restructuring situations. The purpose is to circumvent union employee regulation laws.-Reasons:A Voluntary Redundancy...
- Golden handshakeGolden handshakeA golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement...
- Golden boot compensationGolden Boot CompensationGolden boot compensation, also known as the 'Golden Boot', is an inducement, using maximum incentives and financial benefits, for an older worker to take "voluntary" early retirement....
- Golden handcuffsGolden handcuffsGolden handcuffs are a system of financial incentives designed to keep an employee from leaving the company. These can include employee stock options that will not vest for several years but are more often contractual obligations to give back lucrative bonuses or other compensation if the employee...
External links
- Golden Hello Investopedia