Fringe benefits are additional perks or benefits that an employer offers to their employees in addition to their regular wages or salaries. It help companies recruit & keep high-quality employees.
Fringe benefits refer to non-salary compensation provided by employers. These benefits can help employers attract employees, as well as provide additional incentives for their workers.
Eligibility for fringe benefits varies depending on specific benefits and employer's policies. Employers determine which employees are eligible based job position & length of service.
Fringe benefits can include a wide range of offerings, such as health insurance, retirement plans, paid time off, wellness programs, company cars, and more.
Cost of fringe benefits can vary depending on employer, type of benefit & employee's job position. In many cases, these benefits can be tax-deductible for employer & tax-free for employee.
As an employee, you may be eligible for fringe benefits offered by your employer. Accessing fringe benefits as an employee may require some initial effort, but can offer valuable perks.