Lump-sum compensation
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Lump-sum compensation is a single payment made at one time. An extra amount of money paid at one time rather than on a regular basis (for example, an expatriate may receive a lump-sum payment to cover the extra costs of the assignment related to housing, taxes, dependent education, and transportation).
Definition
According to the HRBoK Guide,
- Lump-sum compensation. A single payment made at one time. An extra amount of money paid at one time rather than on a regular basis (for example, an expatriate may receive a lump-sum payment to cover the extra costs of the assignment related to housing, taxes, dependent education, and transportation).
