Any nonwage payment or benefit (e.g., pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance programs) granted to employees by employers. They may be required by law, granted unilaterally by employers, or obtained through collective bargaining. Employers' payments for fringe benefits are included in employee-compensation costs and therefore are not usually liable to corporate income tax. If the cost of fringe benefits were paid directly as wages, the worker would pay personal income tax on this amount and therefore have less to spend on such benefits as he might elect to furnish for himself. Thus, the employer can obtain more benefits for the employee with the same amount of money. He can also take advantage of lower group rates for insurance.
18th April 2007 From China, Shanghai
12th February 2009 From United States, Fort Worth
I am pursuing my mba-hr and currently doing summer internship from noida.Title of my project is comparative study of compensation and reward system in IT companies.I request professionals from IT sector to fill the questionnaire framed by me. and send to my mail id .
my mail id is
Looking forward to a lot of responses.plz reply.....
11th June 2010 From India, Delhi