Fringe Benefits

What Are Fringe Benefits?  

Fringe benefits are benefits that supplement an employee’s normal salary. While the name might suggest that fringe benefits are uncommon or unique, they are commonly called employee benefits.  

What are Fringe Benefits examples?  

Some of the typical examples of fringe benefits are:  

  • Health Insurance  
  • Retirement Plans  
  • Family and medical leave  
  • Paid leave  
  • Mean Subsidization  
  • Commuter Benefits  

Fringe Benefits and Employee Satisfaction  

Fringe benefits help improve employee satisfaction. Even if it doesn’t increase, it helps to prevent employee dissatisfaction. For example, most employees view health insurance as a necessity, providing it as a benefit won’t necessarily increase employee satisfaction—it will simply prevent the dissatisfaction your employees would feel if your organization did not provide health insurance. On the other hand, paid vacation is not a requirement in many employees’ eyes, so offering it to can boost their morale and make them feel that the company cares about them. 

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Vedangi Pathak
Vedangi is currently pursuing her B.E in Mechanical Engineering. She's a woman in STEM with a keen interest in Marketing and mutual love for reading. Skilled in Public Speaking, Writing, Content Creation and Organization, she has won multiple awards and prizes for the same.