HomeHR glossaryLump sum payment
Lump sum payment

A lump sum payment refers to a single, one-time payment made to an employee or job candidate, typically in lieu of regular salary or as a special bonus. It is a fixed, upfront amount without ongoing commitments.

An organization may offer a lump sum payment as a signing bonus to attract a highly qualified candidate. Instead of a traditional salary, the candidate receives a one-time payment upon accepting the job offer.

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