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.