Fringe benefits are additions to compensation that companies give their employees. Some fringe benefits are given universally to all employees of a company while others may be offered only to those at executive levels.
Some benefits are awarded to compensate employees for costs related to their work while others are geared to general job satisfaction.
Employers use fringe benefits to help them recruit, motivate, and keep high-quality people.
Common fringe benefits are basic items often included in hiring packages. These include health insurance, life insurance, tuition assistance, childcare reimbursement, cafeteria subsidies, below-market loans, employee discounts, employee stock options, and personal use of a company-owned vehicle.


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