| 1. |
. What is a fringe benefit? Can it be made a part of an employee benefit plan? |
|
Answer» Fringe benefits are additional compensation provided to employees above and beyond an agreed-upon wage or salary. Besides helping employees, offering fringe benefits helps employers tremendously from a recruiting perspective. Among similarly focused companies, employers can find it challenging to attract desired talent based on salary alone. By offering fringe benefits, especially those not available through a competitor, an employer STANDS a greater chance of ATTRACTING the LEVEL of talent it needs or wants. |
|