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Fringe benefits are the additional benefits offered to an employee which supplement their stated salary for the service they offer. Put simply, this means benefits which you get from working, in addition to your pay, that is not in the form of money. This can include free health insurance or a company car.
What kind of health and welfarebenefits attract and retain employees? With unemployment at a 50-year low, health and welfarebenefits have become a big differentiator for employers, which means they need to be competitive to attract and retain employees. 1 What are competitive employee benefits?
Affordable healthcare options Health and safety is an important cost of living support for employees and needs to be addressed for employees as per the labor laws. It is important that employers provide a comprehensive healthcare scheme and offer a safe workplace for employees.
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