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Question

Golden Hand Shake scheme is the name of

This question was previously asked in
SSC CGL 2016 (Tier 1) Previous Year Question Paper (11-Sep-2016) (Shift 2)
The correct answer is

Voluntary Retirement Scheme

The term "Golden Hand Shake" refers to a Voluntary Retirement Scheme (VRS). This is a program used by businesses to reduce employee numbers by offering financial incentives to those who choose to retire early. VRS is considered a strategic tool for workforce optimization and typically includes attractive severance packages. It aims to make it easier and more tempting for employees to leave the organization voluntarily, hence the term "Golden Hand Shake," which implies offering something valuable for a voluntary decision.

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