Any benefits attached to an office or position in addition to salary or wages is called……………..
Question
Any benefits attached to an office or position in addition to salary or wages is called……….
Solution
The term you are looking for is "fringe benefits."
Fringe benefits refer to various types of non-wage compensations provided to employees in addition to their normal wages or salaries. These benefits can include health insurance, retirement contributions, paid time off, bonuses, and other perks such as gym memberships, company cars, or flexible work scheduling. These benefits are valuable as they enhance the total compensation package and can make a position more attractive to potential employees.
Additionally, fringe benefits can contribute to job satisfaction and employee retention, as they often address significant concerns such as health security and work-life balance. Employers may use these benefits as incentive tools to attract high-quality candidates and maintain a motivated workforce.
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