Question

Golden Handshake is also known ______.

Options

• Resignation

• Compulsory retirement

• Voluntary retirement

Answer 1

Golden Handshake is also known voluntary retirement.

Explanation:

Golden Handshake refers to a lump-sum payment or incentive given to an employee as part of a Voluntary Retirement Scheme (VRS). It is offered to encourage employees, usually senior or long-serving ones, to retire early voluntarily, helping the organization reduce excess staff in a respectful and mutually beneficial way.