What are the Principles of Fringes Benefits?

      

Explain the Principles of Fringe Benefits.

  

Answers


Maurice
(i) The benefits must be cost-effective.

(ii) The benefit must satisfy a real need. Employees resist or are indifferent to any benefit which is not liked by them.

(iii) Benefits must be provided to the employees on the basis of genuine interest in the protection and promotion of their well being.

(iv) Employees should be educated to make use of the benefits.

(v) The wishes of employees as expressed by their union representatives and the bargaining power of the union must be considered.

(vi) Administration of benefits should be preceded by sound planning.

(vii) The benefit should be as broad-based as possible.
maurice.mutuku answered the question on April 15, 2019 at 11:19


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