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The word used to decribe a relative (usually a child) of someone who has been given a job undeservingly.
Comes from "nepotism".
The person is a total slacker where he/she works, but cannot get fired because they have a relative who is in the upper tiers of management there.
Mr. Edward Applebee: I just got a giant load of work to do, even though it's time to go home, but I would feel like an undeserving nepotite if I shelved the project immediately
Related Words

Neputize 

The act of giving a job not because they are qualified but because they are related. Generally this job is given without an interview.
Did you see the new secretary? She's the bosses niece and got neputized in the company.
Neputize by Zenvis September 3, 2014

Nepotised 

You’ve had your job opportunity stolen from you
Example 1:
Farmer: I’m really sorry Gerald but I’ve had to give the milk maid job to my son
Me: but I’ve got 5 years experience ?! 🥲

(Darn it nepotised again 😔)

Example 2:
*at the bar*
Barman: “ here’s your neat whisky, you ok kid?”
Me: *knocks back whisky* “neposited again” *cries*
Barman: “Farmer’s son?”
Me: “Farmer’s son.”
Nepotised by Reidlemethis August 18, 2022