Employee fringe or flexible benefits are additional perks or privileges an organization provides beyond regular wages, such as healthcare, remote work benefits, L&D benefits, or wellness programs.

Organizations can offer a basket of lifestyle benefits and allowances from which employees can pick and choose according to their lifestyle and unique needs. The popular ones include upskilling allowance, fitness memberships, and meal and commute allowance, all accessible in one place via Empuls.

Yes, fringe benefits are typically taxable, although some may be partially or fully exempt from tax based on local regulations.

Organizations may have specific budgets or a cap on lifestyle spending allowances based on legal requirements, company policies, and employee eligibility criteria.

Fringe benefits enhance the overall compensation package by providing additional value to employees beyond their paychecks, contributing to employee satisfaction and retention.

Incentives typically refer to rewards or bonuses offered to employees for achieving specific goals or performance targets, while fringe benefits include a broader range of flexible benefits applicable to all employees, such as healthcare or childcare benefits.

Fringe benefits, also termed flexible benefits or lifestyle spending accounts, are provided to employees in addition to their regular wages or salaries, enhancing the overall value of the employee's compensation package.