The Effects of the Year 2000
Some companies are offering "golden handcuffs" (stock options) in response to the Year 2000 situation, meaning they hope the money will keep their employees around. Others are putting off the decision as to whether to offer cash inducements until the situation unfolds and possibly worsens. Many experts, however, feel that golden handcuffs will not have the desired effect. As we've said above, money, typically, will not be enough to keep people. People leave because of unsupportive management, lack of opportunity and/or a lack of fit between the company's and the person's values. A fulfilling career, challenge, and fresh skill acquisition are what keeps people. We feel that payments based on people staying is really a just form of bribery, and proper career development and training are more important in the long run.