HR Glossary

What is Golden Parachute?

A contractual agreement providing substantial severance benefits to senior executives if they lose their position following a change of control, acquisition, or merger of the company.

Why it matters in hiring

Golden Parachute comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with G

• Goal Alignment
• Goal Cascading
• Goal Setting
• Golden Handcuffs
• Good Conduct Certificate (UAE)
• GOSI - General Organization for Social Insurance (Saudi Arabia)
• GPSSA - General Pension and Social Security Authority (UAE)
• Graphic Rating Scale

Part of the springhire HR glossary, 1,150+ HR, payroll and recruiting terms defined. Free, no signup.