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FRINGE BENEFITS FOREMPLOYEE
SUBMITTED TO :
DR. SANJEEV MISHRA
 
 
For example
, you could receive a benefit when you:
Ø
use a work car for private purposes.
Ø
are provided with a cheap loan.
Ø
are provided with free private health insurance.
Ø
are provided with cleaning services for your privateresidence or enter into a salary sacrificearrangement.
 
DEFINITION
:- fringe benefits are those monetary and non-monetary benefits given to the employee during and post-employment period which are connected with employmentbut not to the employees contributions to the organization.
 
Need and importance of fringe benefits
Ø
To Retain the Employees
Ø
Employee Demands
Ø
To Motivate Performance
Ø
As a social security
Ø
Trade Union Demand
Ø
Hazards of Industrial Life
Ø
Skill shortage
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