TSS - Lump Sum Payments/Supplemental Payments

Lump Sum Payments/Supplemental Payments

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First Published  :Tue Nov 25 21:28:00 GMT 2014
Last Modified  :Mon Sep 25 17:52:12 GMT 2017
Last Published  :Thu May 25 21:50:02 GMT 2017
Summary :  Reference for all employees who have inquiries about lump sum payments. Audience: Managers, Supervisors, Employees

Response

Primary Information

    One Time Awards

    Lump Sum payments are given to reward a one-time event or special accomplishment that takes place over a finite period of time. For this reason, Lump Sum Payments are not added to base salary.

     

    TypePurposeKey FeaturesImplementation
    LUMP SUM BONUSRewards one-time event or achievement that is beyond the normal scope or expectations for the positionExamples of situations include:
    • Completion of a special project
    • Extraordinary customer service
    • Implementation of an idea that results in cost savings, revenue generation, or improved efficiency
    • Proposed by manager to Senior Administrator
    • Compensation staff review lump sum bonus requests with the HR Business Partner and school or division leadership.
    • Certain lump sum payments are reviewed by the Executive Vice President.

    For more information on lump sum/one-time payments, please visit the One Time Awards section of the Compensation Programs and Staff Development and Compensation pages on AccessTufts

    Click here for the Request for Compensation Review or Lump Sum Payment form 

    Contact your 
    HR Business Partners if you have additional questions about lump sum payments.

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