Goldbricker

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.

BREAKING DOWN '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.

RELATED TERMS
  1. Corporate Ladder

    A conceptualized view of a company's employment hierarchy in ...
  2. Business Ethics

    The study of proper business policies and practices regarding ...
  3. Coaster

    An employee with low ambition and, consequently, low productivity. ...
  4. Cover Your Ass

    A tactic used by employees to share blame or divert blame should ...
  5. Career-Ending Move

    A huge mistake or bad decision made by an employee that has big ...
  6. Nonrenewable Resource

    A resource of economic value that cannot be readily replaced ...
Related Articles
  1. Entrepreneurship

    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.
  2. Professionals

    Sell Your Skills, Not Your Degree

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

    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.
  4. Professionals

    Taking The Lead In The Interview Dance

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

    A Look At CFA Job Opportunities

    While 22% of chartered financial analysts work as portfolio managers, the majority of CFA job titles fall into the “other” category.
  6. Professionals

    7 Courses Finance Students Should Take

    Every aspiring finance student should study several subjects outside the traditional curricula.
  7. Stock Analysis

    The Top 5 Gold Penny Stocks for 2016

    Discover five penny stock gold miners that are well-positioned to profit in 2016, providing opportunities for investors to make significant gains.
  8. Budgeting

    Lost Your Job? 6 Things to Do Immediately

    If you’ve lost your job, shoring up your finances as best you can will make it easier to get back on your feet again when that next position rolls around.
  9. Professionals

    Broker Or Trader: Which Career Is Right For You?

    Both brokers and traders buy and sell securities, but there are some subtle differences between the two careers.
  10. Stock Analysis

    3 Obscure Twitter Accounts Making Money Off of You (TWTR)

    Learn how Twitter accounts that share quotes or information, such as @HistoryInPics and @Notebook, make money from their audiences.
RELATED FAQS
  1. Does a financial advisor need an MBA?

    Obtaining a license as a financial adviser does not require an Master's of Business Administration (MBA) degree. The Certified ... Read Full Answer >>
  2. How can an investment banker switch to a career in corporate finance?

    It's pretty easy for an investment banker to switch to a career in corporate finance. The career skills are easily transferable, ... Read Full Answer >>
  3. How do I get started with a career in asset management?

    The asset management industry has a variety of different career paths. Depending on what asset management area you would ... Read Full Answer >>
  4. For which kind of jobs is having Magnum Cum Laude most important?

    Having a magna cum laude degree is most important for jobs in the fields of finance, management consulting and engineering. ... Read Full Answer >>
  5. Other than accounting, what does a corporate finance job involve?

    While a corporate finance job almost always involves accounting in some capacity, there are many additional job duties and ... Read Full Answer >>
  6. What techniques can be used for hedging exposure to the electronics sector?

    Hedging exposure to the electronics sector offers an investor a way to insulate his portfolio from losses during periods ... Read Full Answer >>
Hot Definitions
  1. Harry Potter Stock Index

    A collection of stocks from companies related to the "Harry Potter" series franchise. Created by StockPickr, this index seeks ...
  2. Liquidation Margin

    Liquidation margin refers to the value of all of the equity positions in a margin account. If an investor or trader holds ...
  3. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  4. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  5. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
Trading Center