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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. Some fringe benefits are provided to all employees, while others may be offered to executives...
FRINGE BENEFIT definition: 1. something that you get for working, in addition to your pay, that is not in the form of money…. Learn more.
Oct 10, 2022 · What is a fringe benefit? A fringe benefit is a benefit that an employee receives in addition to their regular salary. It can include a variety of perks, including: Health insurance; Subsidized meals; A company phone or laptop
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 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.
May 30, 2024 · Employers pay fringe benefits, also known as voluntary benefits, to their employees as a supplement to their regular salary. Fringe benefits can be used as an effective tool to attract,...
Apr 12, 2024 · Fringe benefits, often referred to as “perks” or “employee benefits,” encompass a wide range of additional compensations provided to employees on top of their standard salaries or wages. Unlike salary, fringe benefits are non-wage compensations aimed at improving an employee’s engagement and life within and outside the workplace.
FRINGE BENEFIT meaning: 1. something that you get for working, in addition to your pay, that is not in the form of money…. Learn more.
Fringe benefit definition: any of various benefits, as free life or health insurance, paid holidays, a pension, etc., received by an employee in addition to regular pay.. See examples of FRINGE BENEFIT used in a sentence.
