What are fringe benefits perks and compensation?

Answer 1

ANSWER Fringe benefits are a part of compensation. Compensation, typically refers to your total employment benefits package, which would also include your base pay/salary. Fringe benefits typically include non-monetary benefits (e.g. cell phone/blackberry, laptop, car, medical insurance coverage, membership to a health club, etc.).

Fringe benefits also generally include a retirement plan. A specific breakdown would be: Fringe Benefits - Retirement, Medical, Dental, Vision, etc.; Perks - Cell phone/blackberry, laptop, car, housing allowance, health club membership, etc.; and Compensation - Base Salary, Overtime Pay, Annual Bonus, Holiday Pay, etc.
Fringe Benefits Compensation to employees in addition to salary. Some examples of fringe benefits are paid holidays, retirement plans, life and health insurance plans, subsidized cafeterias, company cars, stock options, and expense accounts. In many cases, fringe benefits can add significantly to an employee's total compensation, and are a key ingredient in attracting and retaining employees. For the most part, fringe benefits are not taxable to the employee, though they are generally tax-deductible for the employer.****************************************************************** Compensation or other benefit provided by the employer to the employee at no charge that is above and beyond salary or wages. Examples include health plans, Cafeteria Plans, and life insurance.******************************************************************

Answer 2

It means human resource management: Compensation in addition to direct wages or salaries, such as company car, house allowance, medical insurance, paid holidays, pension schemes, subsidized meals. Some fringe benefits are regarded part of a taxable income.

Answer 3

A payment other than wages or salaries