Objectives of Fringe Benefits

The important objectives of fringe benefits are:
a. To motivate the employees by identifying and satisfying their unsatisfied needs.
b. To create and improve sound industrial relations.
c. To protect the health of the employees and to provide safety to the employees against accidents.
d. To provide security to the employees against social risks like old age benefits and maternity benefits.
e. To create a sense of belongingness among employees and to retain them. Hence, fringe benefits are called golden handcuffs.
f. To promo the employees’ welfare
g. To meet the requirements of various legislation relating to fringe benefits.

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