Golden Hello

DEFINITION of 'Golden Hello'

A signing bonus offered to a candidate from a rival company. Unlike a typical signing bonus, a golden hello is specifically designed to entice employees of competing firms to leave. A golden hello is more likely to be extended to executive-level employees than to lower-level employees.

BREAKING DOWN 'Golden Hello'

A golden hello signing bonus may run into the millions of dollars. This is a calculated risk by the hiring company, as they hope that the value and knowledge that the poached executive brings will exceed the cost of the bonus. Following the financial crisis of 2008-2009, such compensation methods have become controversial.

RELATED TERMS
  1. Signing Bonus

    A financial award, often issued in one or two lump-sum payments, ...
  2. Bonus

    1. Additional compensation given to an employee above his/her ...
  3. Cash Bonus

    A lump sum of money awarded to an employee, either occasionally ...
  4. Golden Handcuffs

    A collection of financial incentives that are intended to encourage ...
  5. Performance Bonus

    A form of additional compensation paid to an employee or department ...
  6. Year-End Bonus

    A reward paid to an employee at the end of the year. Many year-end ...
Related Articles
  1. Professionals

    3 Reasons Businesses Give Bonuses to Poor Performers

    Learn more how bonuses paid to poorly-performing employees affect a company and why many businesses are still paying out financial rewards to such workers.
  2. Entrepreneurship

    Raises or Bonuses Better for Small Business Staff?

    Weigh the pros and cons of each and strike the right balance to retain a top-tier staff and a healthy bottom line for your business.
  3. Personal Finance

    More Bonuses And Fewer Raises Affect Workers

    Companies are increasingly replacing salary increases with bonuses, much to the detriment of employees.
  4. Active Trading

    What a Golden Cross Might Mean

    Many technicians see a golden cross as a sign that a stock’s value is headed higher. If a stock’s performance continues to lag, and no golden cross appears, its moving averages will remain roughly ...
  5. Entrepreneurship

    5 Ways to Create a Bonus Structure for Your Small Business

    Understand what goes into a good small business bonus structure. Learn about how a small business can create a bonus structure that attracts employees.
  6. Forex Education

    Forex Investing: How To Use The Golden Cross

    Many currency traders know about the golden cross, but most don't utilize it. Learn how you can profit from this FX trend indicator.
  7. Executive Compensation

    Wealthy Execs Face Tougher Curbs on Bonuses

    The ways of amassing wealth on Wall Street are about to change, thanks to new federal regulations regarding executive bonus payouts.
  8. Personal Finance

    Life Insurance Plans to Help Your Small Business Retain Employees

    How to use and design cash value life insurance plans as an incentive to help attract and retain key employees.
  9. Trading Systems & Software

    6 Brokers That Will Pay You To Trade With Them

    We review six leading online brokers that are offering cash bonuses for opening a new account.
  10. Personal Finance

    Three Perks Business Should Give Their Employees

    Firms that treat their employees well have a competitive advantage over their rivals. Here are three important perks to give your employees.
RELATED FAQS
  1. What's the difference between a golden handshake and a golden parachute?

    A golden parachute is an agreement between a company and an employee that guarantees the employee certain benefits, like ... Read Answer >>
  2. What are some ways employers can reduce employee turn over?

    Learn a few strategies in hiring, compensation and management that employers can use for increasing employee retention and ... Read Answer >>
  3. How do I build a profitable strategy when spotting a Golden Cross pattern?

    Learn the primary trading strategies that traders and market analysts employ when they have identified the occurrence of ... Read Answer >>
  4. What happens when someone is given the golden boot?

    In business, the term "golden boot" describes the package used to convince older workers to take early retirement. Forcing ... Read Answer >>
  5. How are Golden Cross patterns interpreted by analysts and traders?

    Learn why the golden cross is considered a major technical indicator of a bull market in an individual stock, market index, ... Read Answer >>
  6. How effective is creating trade entries after spotting a Golden Cross pattern?

    Explore the components of the golden cross pattern for elements of effective trading strategy based on this pattern, including ... Read Answer >>
Hot Definitions
  1. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center