Monetary rewards are financial incentives given to individuals for achieving specific goals or performing well in their jobs. These rewards can come in various forms, such as bonuses, salary increases, or commissions. They are often used by employers to motivate employees and encourage high performance. In addition to the workplace, monetary rewards can also be found in other areas, such as sports or academic competitions. For example, winners of sports tournaments may receive cash prizes, while students who excel in scholarship programs might earn financial awards to support their education.