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A '''fringe benefit''' is a form of pay for the performance of services, in addition to a persons base pay.

A '''fringe benefit''' is a form of pay for the performance of services, in addition to a persons base pay.

   

   

A Fringe Benefit is any non-wage payment or benefit (e.g., [[pension]] plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment [[insurance]] programs) granted to employees by employers. They may be required by law, granted unilaterally by employers, or obtained through collective bargaining. Employers' payments for fringe benefits are included in employee-compensation packages.   

A fringe benefit is any non-wage payment or benefit (e.g., [[pension]] plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment [[insurance]] programs) granted to employees by employers. They may be required by law, granted unilaterally by employers, or obtained through collective bargaining. Employers' payments for fringe benefits are included in employee-compensation packages.   

Fringe benefits constitute a higher proportion of total employee compensation in [[Europe]] than in the [[United States]]. In Europe they are often the result of [[legislation]]; in the United States collective bargaining has been more important in gaining such benefits. The prevalence of fringe-benefit programs increased sharply during [[World War II]] because controls on this type of compensation were less stringent than controls on wages.

Fringe benefits constitute a higher proportion of total employee compensation in [[Europe]] than in the [[United States]]. In Europe they are often the result of [[legislation]]; in the United States collective bargaining has been more important in gaining such benefits. The prevalence of fringe-benefit programs increased sharply during [[World War II]] because controls on this type of compensation were less stringent than controls on wages.