fringe benefits

Meaning

Fringe benefits are extra benefits provided by an employer to an employee in addition to their regular salary or wages. Examples include company cars, private health insurance, gym memberships, or free meals. These perks are used to attract and retain top talent.

Examples

• The salary is competitive, and the package includes excellent fringe benefits like a company car.

  The salary is competitive, and the package includes excellent fringe benefits like a company car.

• Many tech startups offer attractive fringe benefits, such as free catered lunches and nap pods.

  Many tech startups offer attractive fringe benefits, such as free catered lunches and nap pods.

• We are reviewing our fringe benefits to make our job offers more appealing to senior executives.

  We are reviewing our fringe benefits to make our job offers more appealing to senior executives.

• Under the new tax laws, some fringe benefits are now considered taxable income.

  Under the new tax laws, some fringe benefits are now considered taxable income.

• In addition to your base pay, you will receive several fringe benefits, including dental coverage.

  In addition to your base pay, you will receive several fringe benefits, including dental coverage.

Common Mistakes

• ✗ My monthly salary is good, but I also want some fringe benefits like bonuses.

  ✓ My monthly salary is good, but I also want some performance bonuses.

  Bonuses are financial compensation, whereas fringe benefits usually refer to non-cash perks or services (like insurance, gym passes, or cars).

• ✗ Working overtime is one of the fringe benefits of this job.

  ✓ Working overtime is one of the requirements of this job.

  Fringe benefits are positive perks, not extra work or duties.

Related Expressions

Practice

• The job offer includes health insurance, a gym pass, and other valuable ___.

  💡 Extra perks provided in addition to salary

  Show answer

  fringe benefits

• Many job seekers prioritize flexible working hours over other ___.

  💡 Non-monetary advantages offered by employers

  Show answer

  fringe benefits