The Fringe Benefits In Cost Accounting.
Fringe benefits are the additional emoluments given by employer to employee except basic salary. Fringe benefits given to the worker to increase the efficiency and to attract and retain the labor forces in the organisation. Fringe benefits may be:
image source: employers.glassdoor.com/app/uploads/2014/06/rsz_469134867.jpg
- Subsidised food.
- Subsidised housing.
- Subsidised education to the children of the workers.
- Medical facilities.
- Holiday pay.
- Recreational facilities etc.