Omar Morales, an older employee, is considering an early retirement package that his employer has offered; it includes improved benefits and cash bonuses. What is the term for this type of inducement?

Question

Quizplus · Accepted Answer

A "silver handshake" is a term used to describe an early retirement incentive package offered to older employees, often including benefits and bonuses, to encourage them to retire early.

Omar Morales, an Older Employee, Is Considering an Early Retirement