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Golden Handshake in Financial Organization/Sector/Company - CiteHR

No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


thegreen
2

So far i know 'A golden handshake' is a hefty severance package which is offered to senior executives and other high ranking employees of a organization/company. I am serving as an HR personal nearly 7 years in a Financial Organization and which is situated in Asia. The company has it's own life cycle from beginning to till now. It has passed it's best time and now it is struggling for it's own existence/sustainability. The management of this company has decided to downsize it's human resources. For that they asked me to prepare an 'GOLDEN HANDSHAKE' scheme/policy for the company. I have heard about this scheme but have no idea how to make a final scheme/ policy. I am requesting to "Seniors" to guide me about it. Eagerly waiting for your responses.
From Bangladesh,
Babu Alexander
294

Golden Handshake scheme is related to
a. Public Private Partnership / Private investment in Public Enterprises
b. Sustainable Development / inviting foreign companies
c. Scientific Collaboration / Establishing joint enterprises
d. Voluntary Retirement
Your case is an option on voluntary retirement.
d. Voluntary Retirement
A golden handshake is a clause in an executive employment contract that provides the executive with a significant severance package in the case that the executive loses his or her job through firing, restructuring, or even scheduled retirement. This can be in the form of cash, equity, and other benefits, and is often accompanied by an accelerated vesting of stock options.

From India, Madras
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