Fringe benefits

Objectives of fringe benefits

Fringe benefits in India
Fringe benefits of HUL & Intel Technology

A benefit which supplements the
employees ordinary wages.
Based on employees membership in the
organisation.
Raise living standard of the employees.


Recruit and retain the best employees.
To protect against certain hazards.
To motivate and improve morale of
employees.
To improve work environment and work
relations.
To meet statutory requirements.
To improve the public image of the
organisation.

Broadly classified into eight categories:
Payment for time not worked
Employee security
Safety and Health
Workmens Compensation
Health benefits
Voluntary arrangements
Welfare and recreational facilities
Old age and retirement benefits
HEALTH INSURANCE
RECREATIONAL FACILITIES
PRATIBHA, COMPANYS SCHOLARSHIP
41 ADITYA BIRLA PUBLIC SCHOOLS
TWO MAJOR BONUS
PROGRAMS IN A YEAR
WIDE RANGE OF
COMPREHENSIVE MEDICAL, DENTAL &
VISION COVERAGE PLANS
ANNUAL VACATION LEAVE
FINANCIAL ASSISTANCE FOR CONTINUED
EDUCATION
RECREATIONAL OPPORTUNITIES