Fringe benefits plans are vital in building an appealing company culture that attracts the right workforce. Employees who feel comfortable and influential in their work environment are more motivated to achieve.
Moreover, the ability of organisations to respond to changing expectations and adapt significantly impacts success in employee retention and recruitment efforts, while preventing high turnover costs.
Historically, fringe benefits covered a wide range of perks for employees. Some of the common examples of fringe benefits paid or granted by employers to employees are company motor vehicle, house boats, security, cell phone allowance, airtime, meals, and canteen meals, parking fees, DStv subscriptions, golf subscriptions, fuel, accommodation, educational assistance, school fees and ho
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