fringe

FRINGE BENIFTS OFFERED BY FOREIGN COMPANIES -IBM Social security Development and education Cash compensation Providing transit passes and van pooling Airways fair * Travelling and food Treasury Regulations Providing maternity leave Bicycle commuter expenses

FRINGE BENEFITS IN INDIAN COMPANIES-WIPRO Cash compensation Social security and well-being Development and education Employee stock purchase program. 5% discount of WIPRO stocks (up to 10% of salary payments) Leave of absence programs (sabbaticals etc.) Relocation program...

TYPES OF FRINGE BENEFITS Payment for time not worked by the employees Contingent and deferred benefits * Legally required payments * Miscellaneous Benefits

COMMON FRINGE BENEFITS Fuel Holidays Job related benefits Loans Meals Relocation expenses Travelling expenses Overnight expenses*

MERITS OF FRINGE BENEFITS Support employee remuneration Improvement in employee efficiency Attractiveness Good corporate Image Motivation factor DEMERITS OF FRINGE BENEFITS Unhealthy Competition Monetary benefits Transparent nature Subject to taxation

OBJECTIVES OF FRINGE BENEFITS To supplement direct remuneration To recruit and retain the employees To protect employees To create positive employees attitude Loyalty creation Organization Image creation in market Trade union strength:

FEATURES OF FRINGE BENEFITS Different from regular wages Useful but avoidable expenditure Not directly linked with efforts Beneficial to all employees PRINCIPLES OF FRINGE BENEFITS Genuine interest for employees benefits Real Need Satisfaction Cost effective Proper planning...

FRINGE BENEFIT TAX If the benefit is fully attributable to an employee, it is taxed in the hands of the employee, where the benefits are usually enjoyed collectively by the employees and cannot be attributed to individual employees, they shall be taxed in the hands of the employer and...

Summary on Fringe Benefits Employee remuneration & financial incentives, though present in most of the companies, have a modest presence in a company’s compensation plan. Even in companies where they are present, they are mainly in the form of suggestion schemes or annual bonus payments...

WHY BENEFITS AND SERVICES? Nearly every organisation in our country provides benefits and services to its employees. These fringes continue to grow in their importance. Several reasons account for this trend. More than salary structures and financial arrangements, there is a need to...

FRINGE BENEFITS & SERVICES Employee benefits and services include any benefits that the employee receives in addition to direct remuneration. A formal definition is '... fringes embrace a broad range benefits and services that employees receive as part of their total compensation package ...

Social security Development and education Cash compensation Providing transit passes and van pooling Airways fair Travelling and food Treasury Regulations Providing maternity leave Bicycle commuter expenses

Cash compensation Social security and well-being Development and education Employee stock purchase program. 5% discount of WIPRO stocks (up to 10% of salary payments) Leave of absence programs (sabbaticals etc.) * Relocation program. Railway half-fare season ticket. Family...

TYPES OF FRINGE BENEFITS Payment for time not worked by the employees Contingent and deferred benefits Legally required payments Miscellaneous Benefits

COMMON FRINGE BENEFITS Fuel Holidays Job related benefits Loans Meals Relocation expenses Travelling expenses Overnight expenses*

MERITS Support employee remuneration Improvement in employee efficiency Attractiveness Good corporate Image Motivation factor DEMERITS Unhealthy Competition Monetary benefits Transparent nature Subject to taxation

PRINCIPLE Genuine interest for employees benefits Real Need Satisfaction Cost effective Proper planning Employee’s unity Educated employees OBJECTIVE To supplement direct remuneration To recruit and retain the employees To protect employees To create positive employees...

INTRODUCTION OF FRINGE BENEFITS Nearly every organization in all countries provides benefits and services too its employees They are compensations made to an employee in addition to regular wage payment that is salary. Fringe benefit is a very vast concept; it includes benefits such as...

hi, Am posting a project on Fringe Benefits. I guess, it will be very useful for Finance students.

TYPES OF FRINGE BENEFITS notes