Human Resources

Gartner Glossary

Golden Parachute

A golden parachute is a contractual agreement between an organization and a high-ranking executive that specifies the benefits the employee will receive in the event of termination. A golden parachute package may include severance pay, retirement benefits, continued enrollment in pension plans, stock options, bonuses and paid health insurance. Golden parachutes have recently sparked controversy, as the packages have become larger over time and are paid to executives whenever they leave a company for any reason (including a dismissal or resignation in the wake of a scandal).

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Top 5 Priorities for HR Leaders in 2021

Gartner surveyed more than 800 human resources leaders across 60 countries and all major industries to identify HR trends and assess HR priorities and expected challenges for 2021. Discover the top five initiatives chief human resource officers and HR professionals are prioritizing in 2021.