What is another term for "fringe benefits"?

Fringe benefits refer to additional non-wage compensations provided to employees alongside their normal salaries. The term "perks" is synonymous with fringe benefits, as both encompass various forms of employee benefits that can enhance job satisfaction and overall compensation package. Perks might include health insurance, retirement plans, paid time off, and more, which contribute to the well-being and morale of employees without being direct monetary compensation.

Salary increases, bonuses, and commissions are forms of direct compensation that can incentivize performance or reward employees but do not represent the broader category of non-cash benefits that fringe benefits include. Perks, therefore, perfectly encapsulate the essence of fringe benefits as they both aim to improve the overall employment experience beyond just salary.