What does a fringe benefit mean?

Fringe benefits are additions to compensation that companies give their employees. ... Some benefits are awarded to compensate employees for costs related to their work while others are geared to general job satisfaction.

How do I calculate my fringe benefits?

The calculation is a simple one: just add up the cost of the fringe benefits for the year and divide it by the employee's annual salary. Then, multiply by 100 to get the percentage.

What is an example of a fringe benefit?

Some of the most common examples of fringe benefits are health insurance, workers' compensation, retirement plans, and family and medical leave. Less common fringe benefits might include paid vacation, meal subsidization, commuter benefits, and more.

What is fringe benefit cost?

Fringe benefits (FB) are employee associated costs such as health plan expenses, pension plan expenses and workman's compensation expenses, among others. These costs are expressed as a rate by employee class. The rate is the pooled costs of these benefits divided by the total salaries in each employee class.

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___ __________________________________________ $ ____________________ __________________________________________ Subsistence and/or Travel Pay Apprentice/ Training $ ____________________ __________________________________________ Other $ ____________________ $ ____________________ CLASSIFICATION Effective Date FRINGE BENEFIT HOURLY AMOUNT Vacation ________________________ Health & Welfare ________________________ Pension NAME AND ADDRESS OF PLAN, FUND OR PROGRAM $ ___________________.

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