FRINGE BENEFITS FOR EMPLOYEE

BY,
C.R.SOORAJ KUMAR
DEFINITION:- fringe benefits are those monetary and non-
monetary benefits given to the employee during and post-
employment period which are connected with employment
but not to the employees contributions to the organization.

For example, you could receive a benefit when you:

use a work car for private purposes.
are provided with a cheap loan.
are provided with free private health insurance.
are provided with cleaning services for your private
residence or enter into a salary sacrifice
arrangement.
Need and importance of fringe benefits
 To Retain the Employees
 Employee Demands
 To Motivate Performance
 As a social security
 Trade Union Demand
 Hazards of Industrial Life
 Skill shortage
Principles of Fringe Benefit Programe
 Satisfaction of Real Need
 Flexibility
 Proper Communication

 Considering the Wishes of Employees

 Educate the Workers

 Corporate Tool
 Participation
Fringe benefit categories
 Car fringe benefits
 Loan fringe benefits
 Debt waiver fringe benefits
 Expenses payment fringe benefits
 Housing fringe benefits
 Airline transport fringe benefits
 Living-away-from-home allowance fringe benefits
 Property fringe benefits
 Car parking fringe benefits
 Residual fringe benefit
Fringe benefit in India :-
 Payments for time not worked
 Statutory fringe benefits
 Voluntary benefits
 Payments for special duties
 Payments for health and security benefits
 Other expenditure
 CONCLUSION

 Basically, a fringe benefit is a benefit provided to an

employee or an associate (for example- family, spouse
and children) because of his employment.

 Fringe benefits provide output in terms of employee

loyalty and cooperation, employee welfare and create
organizational image.
THANK YOU