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    Public Personnel Management

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    Rhea Bulaga Lisondra
    Fringe benefits are non-wage/salary benefits provided to employees like housing, transportation, meals, medical care and paid holidays. There are principles for governing fringe benefits such as satisfying real employee needs, being cost effective and broad-based. Reasons for providing fringe benefits include meeting employee needs, attracting/retaining talent, earning loyalty, remaining competitive, boosting morale and reducing absenteeism. The overall document discusses the definition and governance of fringe benefits as well as rationales for why companies offer them.

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    Public Personnel Management

    Uploaded by

    Rhea Bulaga Lisondra
    26 views13 pages
    Fringe benefits are non-wage/salary benefits provided to employees like housing, transportation, meals, medical care and paid holidays. There are principles for governing fringe benefits such as satisfying real employee needs, being cost effective and broad-based. Reasons for providing fringe benefits include meeting employee needs, attracting/retaining talent, earning loyalty, remaining competitive, boosting morale and reducing absenteeism. The overall document discusses the definition and governance of fringe benefits as well as rationales for why companies offer them.

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    Fringe benefits are non-wage/salary benefits provided to employees like housing, transportation, meals, medical care and paid holidays. There are principles for governing fringe benefits such as satisfying real employee needs, being cost effective and broad-based. Reasons for providing fringe benefits include meeting employee needs, attracting/retaining talent, earning loyalty, remaining competitive, boosting morale and reducing absenteeism. The overall document discusses the definition and governance of fringe benefits as well as rationales for why companies offer them.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    26 views13 pages

    Public Personnel Management

    Uploaded by

    Rhea Bulaga Lisondra
    Fringe benefits are non-wage/salary benefits provided to employees like housing, transportation, meals, medical care and paid holidays. There are principles for governing fringe benefits such as satisfying real employee needs, being cost effective and broad-based. Reasons for providing fringe benefits include meeting employee needs, attracting/retaining talent, earning loyalty, remaining competitive, boosting morale and reducing absenteeism. The overall document discusses the definition and governance of fringe benefits as well as rationales for why companies offer them.

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    Employee Welfare and

    Benefits

     Principles Governing Fringe Benefits


     Reasons for Granting Fringe Benefits
    What is Fringe Benefits?

    • Fringe benefits refer to those


    benefits and services that are
    extended by the employer to his/her
    employees over and above their
    wages and salaries, such as
    housing, transportation, subsidized
    meals, medical care, paid holidays,
    and the like.
    Principles
    Governing Fringe
    Benefits
    1.) Fringe benefits should be provided to
    employees on the basis of a genuine
    interest in the protection and promotion of
    their well-being. The management should
    not feel that these fringes are thrust upon
    them. Nor should the management feel
    that they are pro­viding the benefits as a
    matter of any charity.
    (2) The benefits should actually satisfy a
    real need. Employee resist or are indifferent
    to any benefits which are not liked by them.
    (3) The benefits should be cost effective and
    as broad based as pos­sible.
    (4) These benefits need to be given only
    after a sound planning has been made to
    give them.
    (5) Employees need to be educated about
    these benefits so that they can make use of
    them.
    (6) Employees representative and
    trade union representative should
    be asked to express their wishes
    before these fringes can be
    planned for employees.
    Reasons for
    Granting
    Fringe Benefits
    To meet the needs of employees and safeguard
    them against certain hazards of life, particularly
    the ones which an individual, especially of small
    means, cannot himself provide for.

    2. To attract and retain employees.

    3. To earn gratitude and loyalty of the employees


    4. To remain competitive in the
    market with regard to the provisions
    of fringe benefits.

    5. To boost the image of the


    organization.
    6. To seek meaningful
    cooperation of employees in
    production process.

    7. To infuse confidence,
    motivate and boost morale of the
    employees.
    8. To reduce rate of absenteeism and labour
    turnover.

    9. To reduce statutory interference


    11. To improve human and
    industrial relations.

    12. To promote employee welfare


    and provide qualitative work
    environment.

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