Dictionary Meaning and Definition on 'Perquisites'
Wikipedia Meaning and Definition on 'Perquisites'
Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, perqs or perks) are various non-wage compensations provided to employees in addition to their normal wages or salaries. Where an employee exchanges (cash) wages for some other form of benefit, this is generally referred to as a 'salary sacrifice' arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree.
Some of these benefits are: housing (employer-provided or employer-paid), group insurance (health, dental, life etc.), disability income protection, retirement benefits, daycare, tuition reimbursement, sick leave, vacation (paid and non-paid), social security, profit sharing, funding of education, and other specialized benefits.[See more about Perquisites at Dictionary 3.0 Encyclopedia]
Words and phrases related to 'Perquisites'
Perquisites Sample Sentences in News
- Blackberry new CEO to get $1 mn basic pay
New York, Nov 8 (PTI) Smartphone maker BlackBerry has offered basic salary of USD 1 million and performance bonus of USD 2 million apart from other perquisites in remuneration package to its new CEO John S Chen. Read more on this news related to 'Perquisites'