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Fringe benefits
 

Fringe benefits

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    Fringe benefits Fringe benefits Presentation Transcript

    • FRINGE BENEFITS BY:- PRIYANKA SEN GUPTA LEMEI .B. PHOM SOHINI ROY
    • CONTENTS
      • Introduction
      • Needs for Fringe Benefits
      • Objectives
      • Types of Fringe Benefits
      • Administration of Fringe Benefits
      • Principles of Fringe Benefits
    • Fringe Benefits
      • Extra benefits provided to employees.
      • They are paid to all employees based on their membership.
    • Need For Fringe Benefits
      • Employee demands
      • Trade Union Demands
      • Employer’s preference
      • As a social security
      • To improve human relations
    • 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.
    • 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.
    • Administration of Fringe Benefits
      • Establish Benefit Objectives
      • Assess Environmental Factors
      • Access Competitiveness
      • Communicate Benefit Information
      • Control Benefit Cost and Evaluation
    • 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.