Monetary bonuses are additional payments given to employees on top of their regular salaries. These bonuses can be awarded for various reasons, such as achieving specific performance goals, completing projects successfully, or as a reward for exceptional work. Companies often use bonuses to motivate employees and enhance job satisfaction. Bonuses can vary in amount and frequency, with some being given annually, quarterly, or even monthly. They may also be tied to the overall performance of the company, such as increased profits or successful product launches. Employers use these incentives to encourage productivity and retain talented staff.