Worker's reward is a term used to describe the various forms of compensation that employers provide to their employees. This includes a RAISE, BONUS, WAGE, and payraise. A RAISE is an increase in salary or wages, usually given after a period of time or when an employee has achieved a certain level of performance. A BONUS is an additional payment given to an employee for doing something above and beyond what is expected of them. A WAGE is the amount of money paid to an employee for their work, usually on an hourly basis. A payraise is an increase in salary or wages given to an employee, usually as a result of a promotion or other recognition.