We've got 0 definitions for SIGNING BONUS »
What does SIGNING BONUS stand for?
What does SIGNING BONUS mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: SIGNING BONUS.
We couldn't find any results for your search.
Couldn't find the right meaning of SIGNING BONUS?
Maybe you were looking for one of these abbreviations:
SIGMET, SIGN, SIGN XX, SIGNA, SIGNAL, SIGNT, SIGR, SIGRAD, SIGRAV, SIGRID
... or use our Power Search technology to look
for more unique definitions from across the web!
Search the web
What does SIGNING BONUS mean?
- Signing bonus
- A signing bonus or sign-on bonus is a sum of money paid to a new employee by a company as an incentive to join that company. 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 he or she desires). It also lowers the risk to the company as it is a one-time payment; for example, if the employee does not meet expectations, the company has not committed to a higher salary. Signing bonuses are often used in professional sports, and to recruit graduates into their first jobs. To encourage employees to stay at the organization, there are often clauses in the contract whereby if the employee quits before a specified period, they must return the signing bonus. In sports contracts, the full amount of signing bonuses is not always paid immediately, but spread out over time. In such cases, the main difference between a signing bonus and base salary is that the former is "guaranteed" money meaning the team is obliged to pay the bonus when due even if it cuts the player, unless the player retires or the contract is otherwise terminated due to a significant breach on the part of the player. As of March 2019, Aaron Rodgers had received the highest signing bonus in National Football League history, at $57.5 million. As of June 2019, Adley Rutschman had received the largest signing bonus in a draft in Major League Baseball history, at $8.1 million.
Know the definition for SIGNING BONUS? Know the meaning of SIGNING BONUS? Don't keep it to yourself!
Citation
Use the citation options below to add these abbreviations to your bibliography.
Style:MLAChicagoAPA
"SIGNING BONUS." Abbreviations.com. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.abbreviations.com/SIGNING%20BONUS>.
Discuss these SIGNING BONUS abbreviations with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In