This document discusses fringe benefits provided to employees. It defines fringe benefits as extra non-wage compensation given to employees in addition to their normal salaries. It outlines the main features of fringe benefits, the need for providing them, objectives of offering fringe benefits, common types of fringe benefits provided, principles for administering fringe benefits, and concludes that fringe benefits help improve employee loyalty and welfare while enhancing an organization's image.

1. FRINGE BENEFITS BY:- Ihsan Ali

2. CONTENTS Employee Benefits Introduction of fringe benefits Needs for Fringe Benefits Objectives Types of Fringe Benefits Administration of Fringe Benefits Principles of Fringe Benefits Conclusion

3. Employee benefits are various non-wage compensations provided to employees in addition to their normal wages or salaries.

4. Fringe Benefits Extra benefits provided to employees. They are paid to all employees based on their membership. The term fringe benefits refers to the extra benefits provided to employees

5. Main features They are paid to all employees. They are indirect compensation. They help raise the living conditions. They may be voluntary.

6. Need For Fringe Benefits Employee demands Trade Union Demands Employer’s preference As a social security To improve human relations

7. 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.

8. Types of Fringe Benefits Payment for time not worked Employee security Retrenchment compensation lay off compensation. Personal identification and participation Health protection Old age and retirement benefits

9. Administration of Fringe Benefits Establish Benefit Objectives Assess Environmental Factors Access Competitiveness Communicate Benefit Information Control Benefit Cost and Evaluation

10. 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.

11. CONCLUSION Basically, a fringe benefit is a benefit provided to an employee or an associate (for example- family, spouse and children) because of his employment. Fringe benefits provide output in terms of employee loyalty and cooperation, employee welfare and create organizational image.

12. THANKXXXX