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Golden Handshake

Golden Handshake

A voluntary separation incentive offered to employees to encourage them to accept voluntary redundancy in Saudi Arabia.

A golden handshake in Saudi Arabia refers to an enhanced voluntary separation package offered to employees as an incentive to accept voluntary redundancy. This approach is used by businesses managing workforce reductions restructuring programs or Saudization transitions. Golden handshake packages typically include EOSB at full entitlement additional ex-gratia payments notice pay and outplacement support. They must be documented as mutual agreement terminations on Qiwa to avoid subsequent labor claims. Inclusive Solutions advises on designing and executing voluntary separation programs compliant with Saudi Labor Law.