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What Are Fringe Benefits and Are They Taxable?

HR Digest

Image courtesy – Freepik ) Definition of Fringe Benefits In simple words, the meaning of fringe benefits is exactly what it sounds like— external, outlying benefits. These refer to additional perks that a company might offer , apart from the wages that are promised to every employee. So what are some fringe benefits then?

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How to Make Your Coworker’s Next Work Anniversary Unforgettable

SnackNation

For people between the ages of 21 and 23, the average tenure is barely over a year, so hitting that second anniversary is definitely a cause for celebration. The two year mark is the perfect time to gift something that won’t cost you much but that your employees will definitely love you for. But definitely consider it.

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

Employee discounts. Employee stock options. Some examples are retirement benefits, child care, health insurance, employee rewards, disability insurance, etc. There is no definite answer to this. Accident and health benefits. Achievement awards. Adoption assistance. Athletic facilities.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

6 Creative employee benefits ideas for 2023 Here are 6 best employee benefit ideas organizations must definitely consider: 1. Health and wellness benefits One of the most important areas of employee benefits is health and wellness. Costco Costco is known for providing its employees with competitive wages and benefits.

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18 Simple and Effective Strategies to Help You Motivate Employees

SnackNation

This real-life gamification definitely has the “wow” factor, but we understand if you don’t quite have the bandwidth. Try this: Propose an Employee Stock Option Programs (ESOP). Luckily, you can launch a virtual awards program via gamification platforms like Bunchball. Focus on Intrinsic (NOT Extrinsic) Rewards.

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