Fringe Benefits
What is Fringe Benefits?
These are also known as employee benefits which are add-on benefits that supplement an employee’s normal salary
Why Fringe Benefits Matters
Fringe Benefits plays a key role in an organization’s total compensation strategy. Getting this element right helps attract qualified candidates, retain top performers, and maintain internal pay equity.
HR and payroll teams should regularly benchmark against market data and review calculations to ensure accuracy, fairness, and compliance with applicable wage and hour laws.
