GOLDEN HANDCUFFS PLANNING
Golden Handcuff is a financial incentive that have the objectives to encourage highly capable employees to remain within the company. Golden Handcuff is given by employer to existing employee to retain key employees and increasing employee retention rate. Golden Handcuff insurance endows only when the employee has serve the company for a stipulated period of time. Usually such benefits must be return back to the company if the employees choose to leave before the date agreed on.
Golden Handcuff is a better option for company to use as a reward for the employees than giving high bonuses as both options serve as a monitory rewards but Golden Handcuff has an additional capability of retaining an employee.