Employee benefits and (especially in
British English)
benefits in kind (also called
fringe benefits,
perquisites, or
perks) include various types of non-wage compensation provided to
employees in addition to their normal
wages or
salaries. In instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a '
salary packaging' or 'salary exchange' arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree.