To install click the Add extension button. That's it.

The source code for the WIKI 2 extension is being checked by specialists of the Mozilla Foundation, Google, and Apple. You could also do it yourself at any point in time.

4,5
Kelly Slayton
Congratulations on this excellent venture… what a great idea!
Alexander Grigorievskiy
I use WIKI 2 every day and almost forgot how the original Wikipedia looks like.
Live Statistics
English Articles
Improved in 24 Hours
Added in 24 Hours
Languages
Recent
Show all languages
What we do. Every page goes through several hundred of perfecting techniques; in live mode. Quite the same Wikipedia. Just better.
.
Leo
Newton
Brights
Milds

From Wikipedia, the free encyclopedia

In accounting and contractual law, golden hello is a term used for several different arrangements:

1. a payment made to induce an employee to take up employment from a specific employer[1] in form of a welcome package[2] or a payment from a rival employer to entice the employee to leave the other company.[3]

2. a payment from a government to employer (private company) during an economic recession who takes on new staff, usually superfluously, when job openings in general are scarce.[2]

3. In the United Kingdom, a financial incentive[4] for graduates in science, technology, engineering, and mathematics (abbreviated as STEM) who are pursuing a career in teaching.[5]

Risks of offering Golden hello

If the employee is worth the money

A hiring company may spend millions of dollars for golden hello package.[3] Hiring company hope the poached executive generates more benefits for them than the cost of bonuses.[3] Following the financial crisis of 2008-2009, such compensation methods have become controversial.[6]

If the payment rate is right

It's difficult to make the payment rate be incentive for employee.[7] Generally, employees who are senior-level receive higher golden hello than entry-level or mid-level employees, considering the skills, experience and talent for specific positions.[7]

Advantages of offering Golden hello

Attracting talented recruitment

In a study by Aerotek and the Human Capital Institute, 46% of professionals(570) at companies said that the best way to attract senior-level employees is bonuses.[8]

[9] Employers can offer a one-time signing bonus or promise a specific timeline for raises to salaries.[9]

Building trust between employee and new hire

Golden Hello build the foundation for a positive relationship between an employer and a new employee.[9] The study “Can a Signing Bonus Motivate Effort?[10]” indicated that trust is built between employers and new hire when employers offer signing bonuses. This is also incentive for new employers to work harder.[10]

Golden Hello for academies

In the UK, a golden hello is financial incentive,[11] not for executives, but for attracting graduates in STEM[5] (science, technology, engineering and maths) into teaching in an maintained secondary school.[12]

The scholarships, funded by Department of Education, were introduced in 2011 and are offering £30,000[13] for graduates with a good degree in physics, chemistry, computing or maths in 2016/17.

According to the document of National College for Teaching and Leadership, golden hello is only available to teachers "who trained through a postgraduate initial teacher training (ITT) course leading to qualified teacher status (QTS)".[12][14] Teachers must meet the training, teaching and application criteria, in oder to be eligible for golden hello payment.[12]

Golden Hello for High-ranking executives

In the United States, golden hellos are typically offered to high-ranking executives by major corporations and may be valued in the millions of dollars.[15] They are said to have become "larger and more common" starting around the mid 1990s.[16][17] Apple Company paid Angela Ahrendts, Ex-Burberry boss, $68million (approximately£40million) when she joined in 2014,[18] which is the biggest golden hello in business history.[18]

Further reading

References

  1. ^ A Dictionary of Accounting. ISBN 9780199563050.
  2. ^ a b "Golden Hello - Definition of Golden Hello - QFINANCE". www.financepractitioner.com. Retrieved 2015-11-04.
  3. ^ a b c "Golden Hello Definition | Investopedia". Investopedia. Retrieved 2015-11-04.
  4. ^ "Golden Hello eligibility criteria and guidance for academies" (PDF).
  5. ^ a b "Scholarships Get People Into Teaching But Can't Make Them Stay". Forbes. Retrieved 2015-11-04.
  6. ^ "Golden Hello - Investing Dictionary". byforex.com. Retrieved 2015-11-04.
  7. ^ a b "4 Reasons Signing Bonuses Are Worth the Money". Entrepreneur. Retrieved 2015-11-04.
  8. ^ "Recruiting Top Talent Survey" (PDF).
  9. ^ a b c "4 Reasons Signing Bonuses Are Worth the Money". Entrepreneur. Retrieved 2015-11-05.
  10. ^ a b Choi, Willie (2013-10-24). "Can Offering a Signing Bonus Motivate Effort? Experimental Evidence of the Moderating Effects of Labor Market Competition". Rochester, NY. SSRN 1910237. Cite journal requires |journal= (help)
  11. ^ Evaluation of the Golden Hello Initiative. ISBN 1 84478 246 8.
  12. ^ a b c "Golden Hello eligibility criteria and guidance for academies (including free schools)" (PDF).
  13. ^ "Bursaries and funding | DfE Get Into Teaching". getintoteaching.education.gov.uk. Retrieved 2015-11-05.
  14. ^ "Scholarships Get People Into Teaching But Can't Make Them Stay". Forbes. Retrieved 2015-11-05.
  15. ^ Definition of 'Golden Hello'
  16. ^ Pay Without Performance. ISBN 9780674022287.
  17. ^ "Pay Without Performance" (PDF).
  18. ^ a b "Revealed: Ex-Burberry boss Angela Ahrendts handed a $68million 'golden hello' after joining Apple".

External links

  • ^ "Pay Awards | Investors shooting themselves in foot with acceptance of "golden hellos" - QFINANCE". www.financepractitioner.com. Retrieved 2015-11-04.
  • This page was last edited on 8 September 2019, at 13:59
    Basis of this page is in Wikipedia. Text is available under the CC BY-SA 3.0 Unported License. Non-text media are available under their specified licenses. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc. WIKI 2 is an independent company and has no affiliation with Wikimedia Foundation.