Investopedia

Continue to Site »

Goldbricker

Filed Under » , , ,
Dictionary Says

Definition of 'Goldbricker'

Anything of limited or no worth that is passed off as genuine or valuable. A goldbricker is sometimes used to refer to someone who attempts to avoid work and/or responsibilities - in other words, a "slacker." The term originates from the unscrupulous practice of coating worthless metals with gold. Today, it is most often used to describe employees who use company time to scour the internet or perform other personal tasks.
Investopedia Says

Investopedia explains 'Goldbricker'

Goldbricking is estimated to cost companies billions of dollars a year. A 2007 survey by Salary.com revealed that about six out of 10 employees in the United States acknowledged wasting time at work.

Internet use was the leading time-wasting activity in the workplace, and 34% of respondents admitted to it. Employees cited boredom, long hours, lack of challenge and inadequate pay as the reasons for why they failed to spend this time working.

The boon of social networking sites like MySpace, Facebook and Twitter has only contributed to employees' habits. According to the BBC, sites like Facebook could be costing U.K. firms more than £130 million a day.

Articles Of Interest

  1.

    Sell Your Skills, Not Your Degree

    If you want to switch careers, you may not have to go back to school to do it.

  2. Is Your High-Profile Job Worth The Price?

    Certain careers can be prestigious and lucrative, but there are always costs. Find out if they're worth it.

  3. Top 4 Financial Jobs You Can Do From Home

    You don't have to go to an office to make a great salary in the financial sector. Here are the top four highest paying financial jobs you can do from home.

  4. Taking The Lead In The Interview Dance

    Learn the steps that will help lead you to a new career.

  5. Career Benefits From The CFA Institute

    The CFA Institute provides members with a variety of ongoing career and networking benefits.

  6. A Day In The Life Of A CFO

    What would your life look like if you were CFO? We’ve interviewed three chief financial officers to find out.

  7. Planning Your Second Career

    A second career can provide opportunities whether you are worried about outliving your retirement savings, or you want to stay productive and do something meaningful later in life.

  8. Is The Gold Pain Over?

    After falling more than 13%, gold has staged a rebound but is that for fundamental reasons or the work of value investors? Will gold reward investors who didn't give up or is there more pain ...

  9. The Path To Becoming A CEO

    Think you have what it takes to be chief executive? Find out what those at the top have in common.

  10. Tips For Working As A Real Estate Agent

    Here are a few ideas that will help you advance your career as a successful real estate agent.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Winner's Curse

    Because of incomplete information, emotions or any other number of factors regarding the item being auctioned, bidders can have a difficult time determining the item's intrinsic value. As a result, the largest overestimation of an item's value ends up winning the auction.

  2. Glocalization

    A combination of the words "globalization" and "localization" used to describe a product or service that is developed and distributed globally, but is also fashioned to accommodate the user or consumer in a local market.

  3. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  4. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  5. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  6. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.
Trading Center