Fringe benefits refer to monetary fringe benefits and incentives that employees receive from their employer in addition to their regular salary or wages.
These benefits can include health insurance, retirement plans, paid time off, flexible work schedules, company-provided meals, wellness programs and more .
Fringe benefits are designed to enhance the overall compensation package offered to employers, increase employee satisfaction and retention, and contribute to a positive work environment.
Offering attractive fringe benefits can also help employers attract top talent and compete in the labor market.