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Signing bonus. A signing bonus or sign-on bonus is a sum of money paid to a new employee (including a professional sports person) by a company as an incentive to join that company. [1] They are often given as a way of making a compensation package more attractive to the employee (e.g., if the annual salary is lower than they desire).
Employment contract. An employment contract or contract of employment is a kind of contract used in labour law to attribute rights and responsibilities between parties to a bargain. The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century.
Golden hello. In accounting and contractual law, " golden hello " is a term used for several different arrangements: A payment made to induce an employee to take up employment from a specific employer [1] in form of a welcome package [2] or a payment from a rival employer to entice the employee to leave the other company. [3]
For instance, certain McDonald’s locations are providing bonuses ranging from $200 to $400, but there’s no amount set by the company itself. Sinking Spring, PA - April 19: The sign at the ...
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Amount: $1,000-$10,000. Healthcare workers cover different roles, and positions range from doctors to nurses to dental technicians. Since job descriptions vary, signing bonuses do as well. For ...
These figures include signing bonuses but exclude options, buyouts, and the endorsement deals. This list does not reflect the highest annual salaries or career earnings, only the top 100 largest contracts and thus is largely limited to athletes in team sports and auto racing .
After being rocked by years of quality and safety issues, Boeing is changing the bonus formula it uses to pay more than 100,000 nonunion employees. Instead of basing most of white-collar employees ...
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