Fringe benefits or also commonly referred to as employee service programs are generally carried out by a company so that employees who work at the company remain at home. FRINGE BENEFITS FOR. Within the company there are indeed many programs specifically organized for workers such as health programs or occupational safety programs and so forth. Article shared by: ADVERTISEMENTS: Everything you need to know about fringe benefits for an employee. Objectives of fringe benefit. To ensure health,safety,and welfare of the employees and workers. TYPES OF FRINGE BENEFITS . The fringe benefits are classified under four heads as given here under: 1. Google, for instance, provides free meals in the company cafeterias, free doctor's visits, and in-house washers and dryers, so employees can do a load of laundry while they work.Dan Gilbert, owner of Quicken Loans, hires buses to take employees to Cleveland Cavaliers games. To develop the sense of belongingness and loyalty among the workers. The main objectives of fringe benefits may be as follows: 1. Organizations provide a variety of fringe benefits. The general corporate objectives for offering fringe benefits to employees are to attract and retain employees. Fringe benefits are benefits which are provided by the employer to an employee over and above the normal salary and wages, which may be in the form of cash-support or assistance in daily needs of life or financial support for retirement age or any other form with the objective to retain the high-quality people within the organization. Benefits under this head include unemployment, insurance, technological adjustment pay, leave... 2. Some companies are nearly legendary for their fringe benefits. For instance, an attendance and reduce the incidence of absenteeism. Fringe benefits focus on maintaining the quality of life for employees and providing a level of protection and financial security for workers and for their family members some common examples are; retirement or pension plans, medical insurance, education reimbursement and time off. Fringe benefits refer to the extra benefits provides to the employees in addition to normal compensation … Read more What is Fringe Benefits and Its Types About The fringe benefits are classified under five heads as given here: 1. c. To protect the health of the employees and to provide safety to … • These benefits may be in the form of goods, services or any other benefits in cash or in kind granted by the employer – whether corporation, partnership or sole … b. Employment Security: Fringe benefits, sometimes called “perks,” are offered by some employers to some employees, usually for the purpose of enticing highly qualified individuals to accept or maintain employment at their companies. To improve the public image of the organization. To create and improve sound industrial relations.

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