Total rewards Glossary
/
Fringe Benefits

Fringe Benefits

Fringe benefits are non-wage compensations provided to employees in addition to their regular pay. These benefits can take many forms, including health insurance, retirement plans, paid time off, and employee discounts. They are designed to attract and retain top talent, while also helping to promote employee well-being and job satisfaction. Examples of fringe benefits include:

Health insurance
Retirement plans
Flexible spending accounts
Paid time off
Wellness programs
Employee discounts

Ready to elevate your recognition game?

Total rewards can be intimidating—but Awardco makes it easy to build culture, drive behavior, and recognize the good around you. Learn more about how we help enhance your total rewards today.

What is the impact of fringe benefits?

By offering benefits beyond just a paycheck, companies can show their employees that they value their contributions and care about their well-being. And when employees feel valued and cared for, it can lead to increased job satisfaction, motivation, and loyalty among employees, ultimately leading to a more productive and engaged workforce.

‍

How do fringe benefits drive employee engagement and loyalty?

Fringe benefits are a powerful tool for motivating and engaging employees. By providing benefits that address employees' needs and priorities, companies can show their commitment to their employees' overall well-being. This can create a sense of loyalty and commitment among employees, which leads to engagement and retention. Additionally, offering competitive fringe benefits can also help to attract and retain top talent, as employees are more likely to choose companies that offer comprehensive benefits packages.

‍

Best Practices

Best practices

‍

Understand your employees' needs and preferences:

Before offering fringe benefits, it's important to conduct research and understand what benefits are most important to your employees.

‍

Offer a variety of benefits:

By offering a variety of benefits, companies can appeal to a wider range of employees and provide options that meet their individual needs.

‍

Communicate the value of benefits

Companies should make sure employees understand the value of the benefits being offered, as well as how to access them.‍

‍

Offer customization options

Employees have different needs and preferences, so offering customizable benefits can help ensure they are getting the most out of their rewards and recognition program.

Ready to see Awardco in action?

See how Awardco will build culture, incentivize performance, and power engagement in your organization.

 
Build culture, incentivize performance, and power engagement. All in one place.
English (CA)
Platform
OverviewRecognitionCelebrationsIncentivesBenefits & PerksRewardsIntegrationsReportingAwardco Intelligence
Solutions
OverviewUse CasesRoleBusiness SizeIndustry
Why Awardco
Why AwardcoAmazon BusinessCentre of ExcellencePlatform SupportCustomer StoriesAwardco AdvocatesSecurity & CompliancePlansRequest for ProposalGet a Demo
Resources
Resource LibraryBlogResearch & ReportsNewsroomTotal Rewards GlossaryKnowledge BaseACO CommunityROI CalculatorBudget CalculatorCompetitor GuideContact Support
Events
Upcoming EventsOn-Demand WebinarsSHRMRCGNZ Summit 2025
Company
About UsCareersRecognize the GoodCorporate ResponsibilitySustainabilityDEIPrivacy PolicyContact Us
© 2025 Awardco
Your Privacy Choices
*A-Pay® card Visa Commercial Credit cards are issued by Celtic Bank.

Privacy at Awardco

We value the trust you’ve placed in us when you provide us with your personal information. We use that information as detailed in our Privacy Notice

You can make certain privacy requests, but those options vary by state. We will fulfill these requests as determined by your state of residence.  

Creating a Privacy Request

What request would you like to make?
We need some information about you to authenticate your identity and process your request.

Thanks for your message!

We will reach back to you as soon as possible.

Oops! Something went wrong while submitting the form.
No actions available at this time

We are committed to consumer privacy and provide choices where we can about opting-out of marketing messages or using web browsers with privacy functionality built into the service. Download here.

At this time, additional requests are not available in your state of residence.  Should state or federal law change, we will evaluate how to offer more privacy choices to you in the future.  

We use cookies to improve your browsing experience, personalize content, and measure traffic.
‍By accepting all, you consent to the use of cookies for marketing, personalization, and analytics. You can manage your preferences and withdraw consent at any time. Learn more in our Privacy and Cookie Policy.

PreferencesRejectAccept
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Preferences