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Posted in Leadership Development [link] “Goldenhandcuffs” is a phrase used to describe a system of financial incentives designed to keep key employees from leaving a company. Leadership Development Courage Self Development' Of course, if you love what you do and where you work it could [.]
They shackle them with goldenhandcuffs or maybe they beat them down with unkind words. Put them in situations where they can pursue their passion while developing the skills to achieve their dreams. They believe you are going to lead them in the right direction. Maybe even help them achieve their dreams. They are dream jailers.
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 “goldenhandcuffs” and seem to be perpetually stressed and unhappy. When it comes to long-term career happiness, money and titles wear off pretty quickly.
For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
When one customer is responsible for the lion’s share of your sales, it’s like goldenhandcuffs. The challenge is to cast off the handcuffs while keeping the gold. Collins worked primarily on IT related work, such as systems integration and software development.
Business development. So were professional development programs, rewards for random acts of kindness and other empowerment initiatives. ’ It fostered a false sense of security for employees, paying higher salaries than the marketplace, thus keeping employees dependent upon the system via goldenhandcuffs.
In doing so, they acquired extensive experience in developing sturdier equipment and materials – such as chew-proof wires — which helped them later on to gain several big business accounts in the Middle East, where similar problems stymied the multinational firms. As he puts it, he wants everyone to act like the boss.
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