When I say invaluable, I am not kidding or understating it. And it’s no different from asking for a raise in many ways. The first all-important step is to become invaluable to your employer. Where to start your negotiation strategies? Become Valuable Let’s get started on building that pot of gold.
You may not be the CEO of a large multi-national firm but that doesn’t mean this payday is beyond your reach. You agree to do something your employer wants from you in exchange for a big payoff if you live up to your side of the bargain.
In other words, a golden parachute is the payoff you get when you agree to putting on a pair of golden handcuffs. That “something” is to stay on for a certain number of years or even agree to take on a new position. In other words, they pay you a boat load of money if you retire, die, quit or get fired if you do something for them. What is a golden parachute?īasically, this is a one-time payment your company makes to you upon your separation from service. You can get your boss to offer you a golden parachute if you plan ahead and use your noggin a little.
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