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- Dictionaryfringe benefit
noun
- 1. an extra benefit supplementing an employee's money wage or salary, for example a company car, private healthcare, etc.: "some occupations offer an employer's pension as a fringe benefit"
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Feb 25, 2024 · Fringe benefits are additions to compensation that companies give their employees, such as health insurance, tuition assistance, or employee discounts. Learn how fringe benefits work, what types of benefits exist, and how they are taxed.
- Julia Kagan
- 2 min
A fringe benefit is something useful you get because of your job in addition to your pay, such as a company car or free health insurance. Learn more about the meaning, synonyms, and usage of this term with Cambridge Dictionary.
Oct 26, 2023 · Fringe benefits, also known as employee benefits, are additional compensations provided by an employer beyond an employee’s direct wages or salaries. They can be monetary or non-monetary. Monetary fringe benefits include bonuses, allowances, and retirement contributions.
Fringe benefit, any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by employers.
May 30, 2024 · Fringe benefits are perks or extra compensation over and above regular salary that employers pay to their employees. Learn what are fringe benefits, how they are taxed, and why they are important for businesses and workers.
- The most common examples of fringe benefits include health insurance, retirement plans, workers competition, family and medical leave, paid vacatio...
- Compensation over and above an employee’s direct wages or salaries is called a fringe benefit. This may be monetary in terms of bonuses and allowan...
- Fringe benefits enable businesses to attract, recruit, motivate and retain highly skilled employees. Fringe benefits also result in increased loyal...
Jun 4, 2024 · A fringe benefit supplements an employee’s salary by providing a benefit that exceeds what is required or expected. Fringe benefits are often viewed as ‘perks,’ distinguishing them from other benefits that may be mandatory (required by law) or supplementary (expected as part of the salary package).
Jan 12, 2024 · Fringe benefits are additional perks that employers offer to employees beyond their salaries or wages. Learn what fringe benefits are, how they can improve employee retention, engagement and recruitment, and what types of fringe benefits are taxable.
