Bonuses, often referred to as rewards, are additional payments given to employees beyond their regular salary. These incentives are typically based on performance, company profits, or achieving specific goals. Bonuses can motivate employees to work harder and contribute to the overall success of the organization. There are various types of bonuses, including year-end bonuses, performance bonuses, and sign-on bonuses. Each type serves a different purpose, such as rewarding exceptional work or attracting new talent. Companies use bonuses as a strategy to enhance employee satisfaction and retention while aligning individual efforts with organizational objectives.