Meaning of the word "golden handcuffs" in English

What does "golden handcuffs" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

golden handcuffs

US /ˈɡoʊldən ˈhændˌkʌfs/
UK /ˈɡəʊldən ˈhændˌkʌfs/
"golden handcuffs" picture

Noun

financial incentives and benefits that discourage employees from leaving a company, even if they are unhappy with their job

Example:
•
Many executives are tied to their companies by golden handcuffs, making it hard for them to leave.
•
The generous stock options acted as golden handcuffs, keeping her at the firm for years.