Types of Fringe Benefits

FRINGE BENEFITS

Fringe Benefits are indirect compensation because they are usually extended as a condition of employment and are not directly related to performance according to Becher, fringe benefits are any wage cost not directly connected with the employees productive, effective, performance, service or sacrifice.

TYPES OF FRINGE BENEFITS

The benefits offered by various organizations may be broadly classified into following categories as follows,

  • Payment for time not worked
  • Paid holiday
  • Shift premium
  • Paid Vacation
  • Holiday pay
  • Employee security
  • Safety and health
  • Workmen’s compensation
  • Health benefits
  • Voluntary arrangements
  • Welfare and recreation facilities
  • Old age and retirement benefits.
MORALE OF AN EMPLOYEE

Factors Influencing Morale of an Employee

METHODS OF JOB EVALUATION

Methods of Job Evaluation