Fringe benefits can vary depending on the employer themselves. Some fringe benefits that may be provided by the employer to the employee are retirement, childcare, paid vacation, sick leave, dental/ vision coverage, disability, profit sharing, and travel reimbursement. Several employers offer fringe benefits but they are not required to. The purpose of the employer offering these types of
. benefits is to keep the employee enticed to continue working for them, and also gives the employee ?peace of mind?, should there be a mishap. It also helps boost company moral. The employer also benefits because by offering fringe benefits, it helps attract more qualified employees. The employer is also able to claim the premiums as a tax deduction. Therefore, fringe benefits tend to benefit both the employer and the employee.
