ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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wages
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salaries or bonus
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fringe benefits
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fine or penalty on employees
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Detailed explanation-1: -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.
Detailed explanation-2: -What are Fringe Benefits? Fringe benefits are the additional benefits offered to an employee, above the stated salary for the performance of a specific service. Some fringe benefits such as social security and health insurance are required by law, while others are voluntarily provided by the employer.
Detailed explanation-3: -These benefits are mandated by the federal government, considering the importance and need of these benefits to the employees. Such benefits are medical support, financial support, retirement benefits, insurance benefit, unemployment insurance, etc. More items
Detailed explanation-4: -Increase motivation. Show appreciation. Encourage friendly competition. Improve productivity. Boost employee retention. Create a positive workplace. 04-Nov-2020