1. PRESENTATIO
N ON
FRINGE BENEFITS
WAQARUDDINSIDDIQUI
13-MBAK-10HUMAN RESOURCE MANAGEMENT

2. INTRODUCTION
Fringe benefit may be defined as
“Compensation in addition to direct wages or salaries,
such as company car, house allowance,
medical insurance, paid holidays, pension schemes,
subsidized meals. Some fringe benefits are regarded part
of a taxable income.
In simple words
“Any nonwage payment or benefit granted to employees
by employers”

3. PROVIDERS
These Benefits can be provided by-
1. YOUR EMPLOYER.
2. AN ASSOCIATE OF YOUR EMPLOYER
3. A THIRD PARTY UNDER AN
ARRANGEMENT WITH YOUR EMPLOYER.

4. OBJECTIVES
1.To create and improve sound industrial relations
2.To boost up employee morale.
3.To motivate the employees by identifying and satisfying
their unsatisfied needs.
4.To provide qualitative work environment and work life.
5.To provide security to the employees against social risks
like old age benefits and maternity benefits.

5. 6.To protect the health of the employees and to provide
safety to the employees against accidents.
7.To promote employee’s welfare by providing welfare
measures like recreation facilities.
8.To create a sense of belongingness among employees
and to retain them.
OBJECTIVES

6. Employee demands
Trade Union Demands
Employer’s preference
To improve human relations
NEEDS

7. TYPES
Employment
Security
Health
Protection
Old Age and
Retirement
Organizations provide a variety of fringe benefits. The fringe
benefits are classified under heads as given here under:

8. OTHER BENEFITS
• Payment for Time Not worked
• Extra Pay for time Worked
• Retrenchment Compensation
• Lay-off Compensation

9. OFFERED BY
• IBM
• Wipro
• Infosys

11. WIPRO
• Cash compensation
• Social security & well-being
• Development & education
• Employee stock purchase program
• 5% discount of Wipro stocks
• Leave of absence programs
• Relocation program
• Railway half-fare season ticket

12. • Family service: areas of childcare
• Homecare & eldercare
• Bonus for recommending new
employees
• Special conditions for insurance
• Sickness & accident income plan
WIPRO

14. • Social security
• Development & education
• Cash compensation
• Providing transit passes & van pooling
• Airways fair
• Travelling & food

15. • Treasury regulations
• Providing maternity leave
• Bicycle commuter expenses

17. RECREATION FACILITIES
Gymnasium at Electronics city campus of Infosys at
Bangalore is one of the largest gymnasiums in Asia
and a mini golf course among others ...
They even have boating and saloon facilities in their
campus so that employees can relax and can take
break in their hectic schedules.
Rest and recreation facilities such as a gymnasium,
swimming pool, tennis, basketball and volleyball
courts, in addition to cafeterias offering
international cuisine

18. Food Courts,
Health Club, Fitness Center with a special
enclosure for Aerobics, Golf club.
Well-stocked Library, High speed connectivity,
transportation facilities, stone-laid walking
paths connecting each building (or one can use
the bicycles provided to move around the
campus)
Medical facilities, Bank, ATMs, Travel
RECREATION FACILITIES

19. CONCLUSION
• Basically, a fringe benefit is a benefit
provided to an employee or an associate (for
example- family, spouse and children)
because of his employment.
• Fringe benefits provide output in terms of
employee loyalty and cooperation, employee
welfare and create organizational image.

20. SPECIAL THANKS TO
20

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