Bonuses are additional payments given to employees as rewards for their hard work and dedication. These incentives can boost morale and motivation within a company. Employers often use bonuses to recognize outstanding performance and encourage employees to reach their goals. Different types of bonuses include performance-based bonuses, sign-on bonuses, and profit-sharing bonuses. By offering bonuses, companies can attract top talent and retain their best employees. Overall, bonuses can play a crucial role in employee satisfaction and company success.