Fringe Benefits

The sole purpose of fringe benefits is to enhance employee loyalty, engagement, and productivity. Such benefits are frequently offered during recruitment to attract and retain top talents within the organization.. These additional benefits not only motivate employees but also help employers gain a competitive edge in the talent market. Though fringe benefits may vary depending on the organizational policies and employee eligibility, most of them facilitate work-life balance for employees, especially those looking for remote work options. The financial security and favorable tax benefits offered by some fringe benefits can be also useful in filtering the exclusive talent for the organization.