Golden Hello

Definition: a Golden Hello is a form of employee benefits or executive compensation, wherein a signing bonus is given to an executive to induce him to leave a previous employment in order to take up a new employment by the payment of a large sum of money or other considerable remuneration.
Such welcome arrangement could be in cash or in shares or in options.
The firm offering the GH hopes the executive of the competing company will be persuaded to leave his or her existing employer and join the firm giving the offer.

More on golden hellos. More on compensation and benefits: Broadbanding, Competency-based Pay, Employee Benefits, Executive Compensation, Golden Handcuff, more...