fringe-benefit
- Noun:
- An additional advantage or compensation: A "fringe benefit" is a benefit or extra advantage that an employee receives from an employer in addition to their regular salary or wages. These benefits are often non-monetary or indirect.
- Perquisite: In a broader sense, it can refer to any incidental or supplementary perk attached to a job or position.
- Noun:
- The company offers health insurance as a generous fringe benefit. (An extra non-wage advantage provided to employees.)
- Free parking is a common fringe benefit for office workers. (A supplementary perk not included in the base salary.)
- He accepted the job partly because of the fringe benefits, such as a company car. (Additional compensations beyond cash income.)
"Fringe benefit package": A collection of various fringe benefits offered by an employer.
- The fringe benefit package includes dental coverage and retirement contributions. (The set of extra advantages provided.)
"Taxable fringe benefit": A fringe benefit that is subject to taxation by government authorities.
- A company car is often considered a taxable fringe benefit. (The perk must be reported as income for tax purposes.)
Fringe benefit (noun, compound): The standard form, sometimes written as "fringe-benefit" (hyphenated) or "fringe benefit" (two words). Both spellings are acceptable.
- The hyphenated form fringe-benefit is less common but still used in some dictionaries. (The word can be written with or without a hyphen.)
Benefit (n): a general term for an advantage or payment.
- Salary and benefits together form total compensation. (A broader category that includes fringe benefits.)
Perk (n, informal): a synonym for a fringe benefit, often used in casual speech.
- Free coffee is a nice perk of the job. (An informal term for a fringe benefit.)
Perquisite: a formal term for a special benefit or privilege.
- Executive perquisites include a private office and a chauffeur. (A synonym with a more formal tone.)
Allowance: a sum of money given for a specific purpose, sometimes as a fringe benefit.
- The travel allowance is a fringe benefit for employees who travel frequently. (A monetary fringe benefit.)
Bonus: an extra payment, often performance-based, but can be considered a fringe benefit.
- A year-end bonus is a common fringe benefit in many industries. (A monetary extra compensation.)
- The employer provides fringe benefits to attract top talent. (To offer extra advantages as part of employment.)
"Perks of the job": an idiomatic expression referring to fringe benefits or special advantages of a position.
- Traveling to exotic locations is one of the perks of the job. (A common idiom for fringe benefits.)
"Sweeten the deal": to add extra incentives or fringe benefits to make an offer more attractive.
- They sweetened the deal by offering a generous fringe benefit package. (To improve an offer with additional perks.)