Quick Definition

Fringe benefits are additional compensations provided to employees beyond their standard wages or salaries, often including perks or benefits that have a monetary value.

Examples

• 1Health insurance provided by an employer, which covers medical expenses.
• 2Company car available for both business and personal use.
• 3Gym memberships paid by the employer to promote employee wellness.
• 4Stock options granted to employees as part of a compensation package.

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