What Is The Meaning of Fringe Benefit?


Fringe Benefit 1

Fringe benefit– Fringe benefit refers to the extra benefits provided to employees in addition to the normal compensation paid in the form of wage or salary. According to D.W. Balcher,

“Any wage cost not directly connected to the employees’ productive effort, performance, service or sacrifice.”

Major type of Fringe Benefit-

  • Payment for time nit worked
  • Employment security
  • Safety and health
  • Welfare facilities Old age and retirement benefit.

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