Pronunciation: [sˈa͡ɪn bˈə͡ʊnəs] (IPA) 
The correct spelling of the term "sign bonus" is /saɪn ˈboʊnəs/. The word "sign" is spelled with the letter "i" and not "e" because it is pronounced as /saɪn/ and not /seɪn/. The word "bonus" is spelled with the letter "o" and not "u" because it is pronounced as /ˈboʊnəs/ and not /ˈbʌnəs/. So, to ensure proper communication, it is important to use the correct spelling and pronunciation of the term "sign bonus."
A sign bonus, also known as a signing bonus or a sign-on bonus, refers to a lump sum amount of money that an employer offers to a new employee upon acceptance of a job offer. This bonus is provided as an incentive and is separate from the regular salary or wages offered for the position.
The sign bonus is typically awarded to attract highly skilled or sought-after individuals to join an organization. It serves as a means to compensate the individual for the immediate value they bring to the company and to entice them to commit to the position. Companies often offer sign bonuses to individuals who possess specialized skills or expertise, are in high-demand industries, or fill critical roles within the company.
This one-time payment is generally made to the employee shortly after they accept the job offer and before they start working. The actual amount of the sign bonus varies depending on factors such as the employee's experience, the level of demand in the job market, and the company's financial capabilities. Sign bonuses can range from a few hundred dollars to several thousand or more, depending on the circumstances.
While the sign bonus helps the employer attract and secure talent, it also poses a level of risk. If the employee leaves the organization within a specified period, they may be required to repay a portion or all of the sign bonus to the employer, reducing the potential financial burden that the company may incur.
