Cryptic crossword clue
Picks up setter’s employer in posh fancy slip 7

The most common and most likely answer to this crossword clue is the 7 letter word UPLIFTS

I've seen this crossword clue in Financial Times
U
P
L
I
F
T
S

Buddy explains!

The straight part
We know that "Picks up" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case picks up = uplifts.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does UPLIFTS mean?

UPLIFTS noun
  1. The act or result of being uplifted.
  2. A tectonic upheaval, especially one that takes place in the process of mountain building.
  3. A brassiere that raises the breasts.
UPLIFTS verb
  1. To raise something or someone to a higher physical, social, moral, intellectual, spiritual or emotional level.
  2. (of a penalty) To aggravate; to increase.
  3. (travel) To be accepted for carriage on a flight.
  4. To remove (a child) from a damaging home environment by a social welfare organization.

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