👉 Bonuses are rewards or benefits that are given as a form of compensation to an employee for their work performance, contribution to the company's success, or any other specific reason. Bonuses can be in the form of cash, in the form of stock options, or in the form of other incentives such as bonuses, commissions, discounts, and so on. The purpose of bonuses is to motivate employees to perform better and to reward them for their hard work and dedication.