Why are fringe benefits provided by employers to employees more valuable to those employees than if the employer simply gave the employees the money necessary to purchase those fringe benefits?© BrainMass Inc. brainmass.com March 5, 2021, 12:50 am ad1c9bdddf
Fringe benefits can take many different forms, and are generally tailored to serve the needs of the general employee population, and are also based on the industry standards. Examples of common fringe benefits include paid vacation time, paid sick time, using the company car, using the company jet, receiving a meals allowance or a uniform allowance, offering employee discounts, as well as others. When employers offer fringe benefits to employees, it is generally with the mission of retaining qualified talent. If employer A doesn't offer some type of ...
This solution addresses fringe benefits, and why fringe benefits are more valuable than cash to employees. A comprehensive discussion is provided.