What are additional benefits provided by employers called?

Fringe benefits refer to additional benefits provided by employers that go beyond regular salaries or wages. These can include a variety of non-wage compensations such as health insurance, retirement plans, paid time off, and employee discounts. They are essentially supplementary forms of compensation that support the overall well-being of employees and enhance their job satisfaction.

The term "fringe benefits" specifically emphasizes the additional perks and advantages that companies offer to attract and retain talent in a competitive job market. This concept is key in understanding how organizations can differentiate themselves and create a comprehensive compensation package for their employees.

Supplementary benefits or company perks might be seen as similar, but they don't encompass the full range of non-monetary benefits that are typically classified as fringe benefits. Extra compensation usually refers to additional monetary payment, which does not align with the broader definition of fringe benefits that includes both monetary and non-monetary advantages.