Nepotism

What is Nepotism?

‘Nepotism’ is the unfair practice of favouring a relative or friend when it comes to bestowing something of value rather than giving it to someone who deserves it based on their merit and other qualities.

In companies, it is a person in a powerful or senior position such as the CEO, a manager or even a recruiter who are generally prone to nepotism as they hold positions which have certain decision making powers.

Common examples of nepotism include promoting someone who is a relative of the manager or hiring the CEO’s son or daughter to become the next CEO instead of someone with the experience and expertise to lead the company.

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What is Golden Parachute ?    ‘Golden Parachute’ refers to the significant severance packages provided to the employees when they leave the company. Although it

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