By Malvika Kashyap
May 17, 2022
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Fringe benefits are benefits provided to employees in addition to their declared compensation for performing a certain service.
Social Security is a federal government programme in the United States that offers social insurance and benefits to persons with low or no income.
Fringe benefits are intended to cover medical expenses and protect employees from financial troubles if they lose their jobs.
The Patient Protection and Affordable Care Act includes this extra benefit. It includes visits to general care doctors, specialists, and emergency care.
Medical treatment, wage replacement benefits, rehabilitation, and other benefits are provided to employees.
Businesses with more than 50 employees must provide family and medical leave to employees who have worked for the company for more than a year.
Employers must pay a fee that pays for salaries, training, and career counselling for employees who are laid off due to no fault of their own.
Companies that provide extra perks because of public perception, employee wellbeing, employee engagement, and other factors.
Fringe Benefits are offered by a variety of companies to its employees. It will help to reduce the number of disgruntled employees and keep them engaged.
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