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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 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...
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...
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.
The term ‘fringe benefits’ refers to various extra benefits provided by employers to their employees, in addition to wages and salaries paid to them. They are also known as ‘sub-wages’ or ‘social charges’ or ‘perquisites other than wages’ etc.
Jan 12, 2024 · Fringe benefits are the additional benefits that companies give to employees beyond their salaries or wages. These benefits may include professional development stipends, meal subsidies, employee stock options, commuter benefits and more.
fringe benefit. noun [ Cusually pl ] us/ˈfrɪndʒ ˈben·ə·fɪt/. Add to word listAdd to word list. something useful you get because of your job in addition to your pay: Fringe benefits here include health insurance, three weeks ’ vacation, and tuition reimbursement.
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 meaning of FRINGE BENEFIT is an employment benefit (such as a pension or a paid holiday) granted by an employer that has a monetary value but does not affect basic wage rates. How to use fringe benefit in a sentence.
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.
Fringe benefits are additional compensations provided by an employer beyond an employee's direct wages or salaries. They can be monetary (such as bonuses and allowances) or non-monetary (such as subsidised meals, paid holidays and pension plans).
