Company houses can be given as fringe benefits. Image credit dualcareerpartner.com

Company houses can be given as fringe benefits. Image credit dualcareerpartner.com

ZIMSEC O Level Business Studies Notes: Fringe Benefits

  • are benefits provided by an employer to an employee
  • This form of  compensation is given in addition to direct wages or salaries
  • It is given in order to enhance the status of an employee and
  • to recruit and retain the best staff
  • Examples of fringe benefits include:
  • Company car/vehicle
  • Fuel allocations
  • Company house
  • Travelling allowance
  • Rental allowance
  • Paid holiday
  • Medical insurance
  • Pension schemes
  • Subsidised meals

To access more topics go to the O Level Business Notes page.

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