The employee receives the fringe benefit in exchange for providing their services to the employer, even if another person receives the benefit without performing services in exchange for money (e.g., the employee’s spouse uses the gym membership). These are some examples of fringe benefits: ...
Understanding Employee Demographics: To offer the most valuable benefits, employers should first understand their workforce's demographic makeup. Factors like age, gender, and family status can influence which benefits are most important. For instance, younger employees may value tuition reimbursement or ...
Many employees choose to further their education by returning to college and earning their degrees. If they are working toward a degree that will help them advance within their current job or move up toward a management position, school tuition reimbursement will allow them to earn their degree w...
Generous paid-time-off/holidays (giving people their birthday off is always a favorite!) Gym membership or discount Tuition or student loan assistance Childcare Home office or cell phone stipend/reimbursement Ultimately, it’s better to spend the time and money upfront creating an incredible compens...
For instance, wellness programs, gym membership reimbursements, and access to mental health resources can help you manage stress and prevent burnout. Professional growth and development: Access to professional development and growth opportunities — such as mentorship programs, training sessions, and ...
It is a good thing that there are companies considering offering fitness programs. Some fitness programs cover on-site gyms, fitness classes, or gym membership reimbursements. Student Loan Repayment Challenges do not end after finishing college. After that phase, a student loan waives "Hi" to bor...
TOTAL WELLNESS: The NFL will reimburse 50% of your monthly gym membership or studio class fees. We offer employees a subscription to a meditation app to help you decompress. Additional wellness benefits are also available to Full Time regular employees who opt in one of the NFL medical plans,...
Gym membership voucher 8. Peer Recognition Robust, frequent peer recognition is a great way to bring teams together, reinforce positive self-image, and improve employees’ confidence in their roles. One advantage of peer-to-peer recognition is that while your leadership tries to adequately recognize...
Subsidized gym membership is aligned with Wellness goals. New national fitness chains have emerged all over the country. They provide electronic ID cards that track attendance; thus, employers can easily track utilization to see whether their benefit is being used. ...
Perks such as an on-site gym or vacation time aren't counted as compensation because they don't involve money paid to the employee. However, benefits such as the use of a company car may count as remuneration and may be taxable income. Tips, although they are paid by customers rather th...