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# GLOSSARY

Finance Dictionary : Fringe Benefits

Fringe Benefits

KEYTAKEAWAYS

Explore Fringe Benefits, non-monetary perks like company cars and mobile phones, enhancing compensation packages and job satisfaction for employees.


CONTENT

DEFINITION

Fringe Benefits – Non-Monetary Perks within Compensation Packages

 

Fringe benefits, often referred to as employee benefits or perks, are non-monetary advantages and supplementary components included in an individual’s or employee’s overall compensation package. These benefits go beyond the conventional salary or wages and serve to enhance the attractiveness of an employment offer.

 

Fringe benefits encompass a diverse range of offerings, including company cars, mobile phones, health insurance, paid leave, retirement plans, and more. These perks are designed to improve the overall job satisfaction, well-being, and work-life balance of employees, thereby contributing to talent retention and motivation within the workforce.

 

Understanding fringe benefits is essential for both employers and employees, as they play a pivotal role in attracting and retaining top talent, promoting employee welfare, and fostering a positive work environment.


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We strive for accuracy in our content, but occasional errors may occur. Importantly, our information should not be seen as licensed financial advice or a substitute for consultation with certified professionals. CoinRank does not endorse specific financial products or strategies.


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