Employees (Fringe) Benefits
Fringe benefits are the additional reward given to employees some based on parameters like quality of service, overtime work or to all general workers. Most employers provide fringe benefits to their employees and help to build a better understanding and boost the relationship between the employer and employee. Life insurance offers, retirement plans, child care, leaves offers and leaves pay, and discounts are some of the benefits offered. These benefits may help an organization offering them to attract talented workers and get the best out of them and somehow help in human resource management. Some of the employees prefer more of the fringe benefits to more of the salary in instances where the fringe benefits are …show more content…
Fringe benefits are not only essential to the employee but also to the employer. However, a new company that has not yet established itself may find it difficult to offer such benefits. (Myers, 2014) On the other side companies experiencing bankruptcy may increase such benefits if unable to raise wages and retain its employees.
In a competitive job market, the firms that offer these benefits are preferred and often get the best reliable workers ready to serve for a longer period. The workers need have also grown with time like the vast health care services. A company is therefore required to provide benefits that cater for such needs to motivate employees and maintain a higher profile. (Myers, …show more content…
According to legal cases in firms, a journal that reflects on taxes imposed on the fringe benefits. An employee may be terminated from work or take an early retirement. (Schneider, 2013) The employee may be faced with a hard time to cover up for the formerly provided benefits. Some organizations provide continued benefits for a short period to assist the terminated employee in stabilizing. In some instances, the law requires the employee to continue being taxed on the benefits that become a heavier load to the employee. (Schneider, 2013) However, some of the benefits of health and life insurance, education assistance, and job placement are some of the tax-free benefits that a terminated employee continues to enjoy. A choice to continue providing tax-free fringe
EMPLOYEE (FRINGE) BENEFITS4 benefits should be supplied to the terminated employees to help them cope with the unexpected bad economic situation. (Schneider, 2013)
Fringe benefits have continued to be of importance to both the employer and the employees and should, therefore, be applied by organizations for better performance. Workers feel more treasured, and a healthy working environment is
Fringe benefits are the additional reward given to employees some based on parameters like quality of service, overtime work or to all general workers. Most employers provide fringe benefits to their employees and help to build a better understanding and boost the relationship between the employer and employee. Life insurance offers, retirement plans, child care, leaves offers and leaves pay, and discounts are some of the benefits offered. These benefits may help an organization offering them to attract talented workers and get the best out of them and somehow help in human resource management. Some of the employees prefer more of the fringe benefits to more of the salary in instances where the fringe benefits are …show more content…
Fringe benefits are not only essential to the employee but also to the employer. However, a new company that has not yet established itself may find it difficult to offer such benefits. (Myers, 2014) On the other side companies experiencing bankruptcy may increase such benefits if unable to raise wages and retain its employees.
In a competitive job market, the firms that offer these benefits are preferred and often get the best reliable workers ready to serve for a longer period. The workers need have also grown with time like the vast health care services. A company is therefore required to provide benefits that cater for such needs to motivate employees and maintain a higher profile. (Myers, …show more content…
According to legal cases in firms, a journal that reflects on taxes imposed on the fringe benefits. An employee may be terminated from work or take an early retirement. (Schneider, 2013) The employee may be faced with a hard time to cover up for the formerly provided benefits. Some organizations provide continued benefits for a short period to assist the terminated employee in stabilizing. In some instances, the law requires the employee to continue being taxed on the benefits that become a heavier load to the employee. (Schneider, 2013) However, some of the benefits of health and life insurance, education assistance, and job placement are some of the tax-free benefits that a terminated employee continues to enjoy. A choice to continue providing tax-free fringe
EMPLOYEE (FRINGE) BENEFITS4 benefits should be supplied to the terminated employees to help them cope with the unexpected bad economic situation. (Schneider, 2013)
Fringe benefits have continued to be of importance to both the employer and the employees and should, therefore, be applied by organizations for better performance. Workers feel more treasured, and a healthy working environment is