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Fringe Benefits

Meaning

Fringe benefits are non-wage forms of compensation provided by an employer to employees, which often include health insurance, retirement contributions, paid time off, and, increasingly, comprehensive wellness programs focused on hormonal health and longevity. These benefits are a critical component of total compensation, designed to enhance employee well-being, improve retention, and offer significant tax advantages to both the employer and the employee. They reflect a company’s investment in its human capital.