Homonym: Bonuses (Rewards)
Bonuses are additional payments given to employees beyond their regular salary. They are often used as incentives to reward performance, motivate staff, or recognize achievements. Bonuses can be based on individual performance, team success, or overall company profits, and they can vary in amount and frequency.
Common types of bonuses include year-end bonuses, performance bonuses, and sign-on bonuses. Year-end bonuses are typically given at the end of the fiscal year, while performance bonuses are awarded for meeting specific goals. Sign-on bonuses are offered to attract new employees, providing them with extra financial support when they join a company.