In this video, you will learn what a golden handshake is and some pros and cons of it. #goldenhandshake #employeebenefit #wallstreetmojo #compensation #severancepackage Chapters: 00:00 – Introduction 00:49 – What is a golden handshake? 01:25 – Why do companies have the golden handshake? 01:40 – To convince people to take the risky senior roles 02:05 – To compete with other companies in terms of compensation offered 02:33 – To provide financial stability to employees during unemployment 03:06 – Downsides to the golden handshake 03:14 – Not based on performance 03:46 – Conflict of interest 04:11 – Golden shove 04:44 – Golden handshake vs Golden handcuffs 05:22 – Conclusion (Explained in detail in the video) What is a golden handshake? Companies enter a clause in their employees' employment contracts that the company shall pay the employee a certain amount when they leave the company and are employed no longer by the …
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