The document discusses fringe benefits provided to employees. It defines fringe benefits as monetary and non-monetary benefits given to employees in addition to their wages or salary. Examples include use of a company car for personal use, low-interest loans, free health insurance, and cleaning services. The objectives, need, importance, types, advantages, and disadvantages of fringe benefits are outlined. Benefits in kind are discussed as extras awarded in the form of items or services like a company car, health care, discounts, accommodation, and cheaper food and drink.

1. Presentation
On
Fringe Benefits
Presented by :-Ayush bagouli

2. oFringe benefits are rewards given to employees as an
extra to their wage or Salary.
o These can be an extra that is awarded with the job on a
permanent basis or some times a reward for a particular
achievement.
oFringe benefits are benefits that are in kind: NOT
money

3. Definition: Fringe benefits are those monetary and
non monetary benefits given to the employee during and post
employment period which are connected with employment but
not to the employees contribution to theorganization.
For Example, You could receive a benefit when you:
 Use a work car for private purposes
 Are provided with a cheap loan
 Are provided with free private health insurance
 Are provided with cleaning services for your private residence

4. Objectives of Fringe Benefits
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To create and Improve sound Industrial
Relations
To boost up employee morale
To motivate the employees by identifying
and satisfying their unsatisfied need
 To provide qualitative work environment
and work life
 To provide security to the employees
against social risks like old age benefits
and maternity benefits.

5. Need and Importance


To retain the employees
Employee demands
 To motivate performance
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As a social security
Trade union demand
Skill shortage
Hazards of Industrial Life

6. 
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Satisfaction of real need
Flexibility
Proper communication
Considering the wishes of employees
Educate the workers
Participation
Principles of FRINGE BENEFIT Programme

7. Types of Fringe Benefits
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Payment for time not worked.
Employee security.
Safety & health.
Workmen’s compensation.
Health benefits.
Voluntary arrangements.
Welfare & recreational facilities.
Old age & retirement benefits.

8. Advantage
 No additional taxis paidon fringebenefits
as theydo not involvemoney.
 They can be used toencourage the employee
to workharder.

9. Disadvantages
 The employee has no choice on how they
are spent.
 Benefits are lost when an employee leaves
the job, some times causing hardship.

10. Conclusion
 Basically a fringe benefit provided to an employee
or an associate (Ex: Family, Spouse & Children)
because of his employment
 Fringe benefits
employee loyalty
provide output in terms of
and cooperation, employee
welfare and create organizational image.

11. Benefits in Kind
1.These are extras which are
awarded in the form of an
item or service.
2.These can be car, health
care, discount,
accommodation, cheaper
food and drink