Fringe Benefits

Fringe benefits, also known as employee perks, refer to the non-wage compensations provided by employers to their employees. These benefits can be monetary or non-monetary and typically supplement a regular salary package. Common examples include health insurance, company vehicles, expense reimbursements, paid vacations, and travel perks.

In the context of corporate travel and expense management, fringe benefits often include per diems, travel upgrades, or reimbursement for business-class tickets. These perks help improve employee well-being, productivity, and retention. Employers may also offer flexible working options or wellness programs as part of their fringe benefits strategy.

Companies strategically use fringe benefits to remain competitive in the job market. Offering travel-related fringe benefits not only supports business operations but also boosts morale among employees frequently on the move. With platforms like TripGain, organizations can track, manage, and optimize such benefits seamlessly across travel and expense workflows.