Golden Hello (G-Hi) to Golden Handshake (G-Bye) - A Remark

Abstract

A company manages its human resources from the early recruitment phase till the retirement of employees. Employees especially at upper cadre contribute tremendous efforts to the organization and create values for its well being. Overall mentoring and quality of work life soothes the process of HRM till their leave from the workplace. In the mature career phase of an individual, the golden hello is a signing bonus offered to an employee of a rival firm, usually an executive. The term is also sometimes used more generally to refer to a signing bonus paid to a sought-after recruitment. On the other hand 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. It is usually provided to top executives for loss of employment through layoffs, firing or even retirement. The paper seeks to point conceptual framework of golden hello to the golden handshake of executives of the company and explains various issues and aspects of Golden hello and handshake in organizations. The study followed with the conclusion involving points to be concerned while golden hello and handshake in organizations.