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Objective of the Fringe benefits:
The important objectives of the Fringe benefits are:
1. To create and improve sound industrial relations.
2. To boost up employee morale.
3. To motivate the employees by identifying and satisfying their unsatisfied needs.
4. To provide qualitative work environment and work life.
5. To provide security to the employees against social risks like old age benefits and maternity benefits.
6. To protect the health of the employees and to provide safety to the employees against facilities.
7. To promote employee's welfare by providing measures like recreation facilities.
8. To meet requirements of various legislations relating to Fringe benefits.
what are the importance of compensation?
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