Fringe benefits : The employer pays wage or salary to the employees in exchange of work done by them but there are other benefits as well apart from wage or salary. These benefits depend on the employment terms and are known as fringe benefits. To identify: Two additional fringe benefits associated with employees’ compensation.

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Answer 1

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Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 11, Problem 18Q

To determine

Fringe benefits: The employer pays wage or salary to the employees in exchange of work done by them but there are other benefits as well apart from wage or salary. These benefits depend on the employment terms and are known as fringe benefits.

To identify: Two additional fringe benefits associated with employees’ compensation.

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Answer 2

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Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 11, Problem 18Q

To determine

Fringe benefits: The employer pays wage or salary to the employees in exchange of work done by them but there are other benefits as well apart from wage or salary. These benefits depend on the employment terms and are known as fringe benefits.

To identify: Two additional fringe benefits associated with employees’ compensation.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 11, Problem 18Q

To determine

Fringe benefits: The employer pays wage or salary to the employees in exchange of work done by them but there are other benefits as well apart from wage or salary. These benefits depend on the employment terms and are known as fringe benefits.

To identify: Two additional fringe benefits associated with employees’ compensation.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Definition Definition Benefits in addition to compensation that companies give to their employees. Fringe benefits can boost morale and productivity and keep employees motivated. Companies often use fringe benefits as a competitive advantage to recruit and retain employees. Examples of fringe benefits include pensions, vacation time, tuition reimbursement, free or subsidized meals, and gym memberships.

Chapter 11, Problem 18Q

To determine