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Feb 25, 2024 · Fringe benefits help companies recruit, motivate, and retain high-quality employees. Companies competing for the most in-demand skills tend to offer the most benefits. Some common benefits,...
Fringe benefits are the additional benefits offered to an employee, above the stated salary for the performance of a specific service. Some fringe benefits such as social security and health insurance are required by law, while others are voluntarily provided by the employer.
Fringe Benefits in HRM – Types: Employment Security; Health Protection; Old Age and Retirement; Personnel Identification; Participation and Stimulation & Miscellaneous . Organizations provide a variety of fringe benefits. The fringe benefits are classified under five heads as given here: 1. Employment Security:
May 31, 2022 · Fringe benefits are indirect financial and non-financial payments employees receive for continuing their employment with the company Gary Dessler. The term, fringe benefits, refers to various extra benefits provided to the employees, in addition to the compensation paid in the form of wage or salary. Author.
Oct 10, 2022 · Fringe benefits are a form of compensation that employers give to team members in addition to their regular salary. There are many different types of fringe benefits, including retirement plans and health club memberships. Most fringe benefits are taxable but some, such as discounts and free memberships, are free.
The main two types of the Fringe benefits are fringe benefits that are required by law and the fringe benefits that are not required by the law. These can then be divided into different fringe benefits offered under the wide categories.
May 30, 2024 · Fringe benefits are perks or extra compensation over and above regular salary. Some fringe benefits are for all the employees, whereas others are offered only to certain categories of...
