Definition

Additional perks provided by employers, such as health insurance, retirement contributions, or paid time off, beyond your regular salary.

What to consider

  • Review all the extra perks your employer offers beyond salary.
  • Consider how these benefits add overall value to your compensation.
  • Factor them into your long-term financial planning.

Real world scenarios

  • Working at a large corporation, Alex enjoyed fringe benefits such as comprehensive health insurance, a retirement plan, and paid vacation time.

Related terms

Employment & Income