golden handshake

golden handshake

a sum of money paid by an employer to a retiring or redundant employee

On the same principle, the phrase a golden hello was coined in the late 20th century. It is explained in an Appointments section of the New Scientist in 1998 : Employers, especially in the financial sector, are offering golden hellos. These are advances of up to £2000, sometimes given on acceptance of a job offer or with the first month's salary.

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