Refer to non-wage compensations provided by employers to their employees in addition to their regular salary or wages. These benefits are often offered as a way to attract and retain talented employees, enhance job satisfaction, and promote employee well-being. Fringe benefits can take various forms and may include items such as health insurance, retirement plans, paid time off, bonuses, employee discounts, company-provided vehicles or housing, educational assistance programs, and more. These benefits are typically offered as part of an overall compensation package and can vary depending on the organization and industry.
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Employee perks and benefits: A guide for employers
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