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Fringe Benefits: What Are They and How Are They Helpful

HR Digest

Fringe benefits are the additional compensation that companies offer to an employee, over and above the salary for doing a particular work. Fringe Benefits Defined Fringe benefits are perks or extra compensation over and above regular salary. Though not fully exempted; many rules and regulations govern the exemption.

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Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Other options like work-from-home stipends and cell phone plans keep existing employees happy, reducing turnover and boosting productivity.

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What employees expect from benefits packages

Business Management Daily

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. Anybody who has ever looked at healthcare plans knows they vary considerably. Paid sick days encourage ill workers to stay home. Retirement plans.

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W-2 vs. 1099: Which workers get which?

Business Management Daily

These individuals keep track of their own tax obligations, oftentimes making quarterly estimated tax payments to the government. While smart independent contractors meticulously keep their own records as to who paid them what, the law still requires official reporting. Whether the employer must issue a W-2 or a 1099-NEC.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Employee benefits are non-wage compensation provided by employers to their employees in addition to their regular salary or wages. What are employee benefits?

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Top 20 Examples of Employee Incentive Programs

Vantage Circle

Retirement Plans. Who doesn't want to retire early? Offering retirement plans as a kind of employee incentive program is an attractive concept for all employees. The United States is one of the few countries where the government allows employers to offer tax-deferred retirement accounts.

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A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. In a total rewards system, compensation comprises base salary and extra benefits that come under variable pay. A salary increase is necessary but not sufficient to recruit and retain talented employees. Compensation.

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