The-definition.com

Definition

Lump-sum payment

Lump-sum payment is a fixed negotiated payment that is not typically included in an employee’s annual salary; often times given in lieu of pay increases.

Share it:  Cite

More from this Section

  • Post- tax contributions
    Post- tax contributions made to a benefit plan that are subject to applicable state or ...
  • Needs analysis
    Needs analysis is a method of analyzing how employee skill deficits can be addressed through ...
  • Knowledge, skills and abilities (KSA’s)
    Knowledge, skills and abilities (KSA’s) is the attributes required to perform a job; ...
  • Railway labor act
    Railway labor act is the first labor legislation passed by congress, in 1926. Since Clayton ...
  • Impairment
    Impairment is a physical or mental condition resulting from injury or illness, which diminishes ...