Fringe benefits
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Transcript

  • 1. FRINGE BENEFITS BY:- PRIYANKA SEN GUPTA LEMEI .B. PHOM SOHINI ROY
  • 2. CONTENTS
    • Introduction
    • Needs for Fringe Benefits
    • Objectives
    • Types of Fringe Benefits
    • Administration of Fringe Benefits
    • Principles of Fringe Benefits
  • 3. Fringe Benefits
    • Extra benefits provided to employees.
    • They are paid to all employees based on their membership.
  • 4. Need For Fringe Benefits
    • Employee demands
    • Trade Union Demands
    • Employer’s preference
    • As a social security
    • To improve human relations
  • 5. Objectives of Fringe Benefits
    • To create and improve sound industrial relations.
    • To motivate the employees.
    • To provide security to employees.
    • To promote employees’ welfare.
    • To protect the health of employees.
  • 6. Types of Fringe Benefits
    • Payment for time not worked:- Hours of work; Paid holidays; shift premium; holiday pay; Paid vacation.
    • Employee security:- Retrenchment compensation; lay off compensation.
    • Safety and health.
    • Welfare and recreational facilities.
    • Old age and retirement benefits.
  • 7. Administration of Fringe Benefits
    • Establish Benefit Objectives
    • Assess Environmental Factors
    • Access Competitiveness
    • Communicate Benefit Information
    • Control Benefit Cost and Evaluation
  • 8. Principles of Fringe Benefits
    • Cost effective
    • Must satisfy a real need
    • Sound planning
    • Wishes of employees must be considered
    • Devise new ways to involve workers and their representatives at all levels of planning and implementation.