Write a paragraph explaining in your own words. What are the benefits of offering fringe benefits instead of traditional compensation? What are some of the issues of unreasonable compensation?© BrainMass Inc. brainmass.com October 1, 2020, 10:48 pm ad1c9bdddf
What are the benefits of offering fringe benefits instead of traditional compensation?
Fringe benefits have become very popular in recent decades as the Boomers, X'ers and Y'ers entered the work force. Often they are considered perks and are used to lure and retain employees. Some reasons for the desirability on the part of employees may include:
1. peace of mind that some fringes offer to employees and their families
2. participatory management of retirement planning by companies on behalf of employees
3. company pride for perks ...
In a 348 word solution, the response offers 4 reasons who employers may prefer benefits. The issue of unreasonable compensation is explained from the perspective of the IRS together the potential tax assessment that may be made.