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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. She is a co-author of The Character-Based Leader, as well as the author of the Random Acts of Leadership blog.
’ It fostered a false sense of security for employees, paying higher salaries than the marketplace, thus keeping employees dependent upon the system via goldenhandcuffs. Incentive and ‘random acts of kindness’ programs were deleted. They’ll find some rude awakenings in the outside job world.
Huawei does it in part with the type of incentive performance system the company employs. 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 “goldenhandcuff.”
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