Definition of Golden hello:
Inducement offered to an employee of another firm to come over.
Depending on the industry and the size of the company, a golden hello may run into the millions of dollars. This signing premium is a calculated risk by the hiring company, as it hopes that the value and knowledge of the executive coming onboard will exceed the cost of the bonus. .
A golden hello is a signing bonus, offered to executive-level employees, as an inducement to join from a rival company. The payment typically comes in the form of lump-sum cash payment upon an employee entering the firm. Alternately, the amount may be through installments over a specified timeframe. Either way, the sum is an award for services to be rendered. .
A substantial payment made by an employer to a keenly sought recruit.
Synonyms of Golden hello
Fringe benefit, Additional benefit, Benefit, Advantage, Bonus, Dividend, Extra, Plus, Premium, Consideration, Reward
Meaning of Golden hello & Golden hello Definition