look up any word, like the eiffel tower:
A program under which employees within a publicly traded company are hired for their job for no other reason than they are related to a high paid and/or high ranking employee. This person is characteristically under qualified, over paid, and lacking in contribution.
1.) The General Managers daughter just got hired as a new assistant that makes six people in the office on white-collar welfare.

2.) Can you believe that it's her first year here and she took 4 weeks of paid vacation? You only get those types of perks when your on white-collar welfare.
by CorpWorkerBee February 03, 2011