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Day: July 27, 2017

HR Word of The Day 0

#HR #Word:#Lump #Sum #Bonus

A lump-sum increase is something given instead of increase in salary. It is not added to the fixed base salary. It is given in the form of a single cash payment. This is the reason why it is also known as lump sum bonus. While there are other uses but the best use of lump sum merit increase is as […]