While it is usually management-level employees and those close to the chief executive officer who enjoy special fringe benefits in a corporation, there are some fringe benefits that offer significant advantages to lower-level employees as well.
Company Car
Management-level employees are usually given use of a company automobile as a fringe benefit. These cars are supposed to be used only in the course of business to be deductible as a business expense.
Paid Training
To keep the best and brightest employees committed to the company, corporations frequently offer paid training at colleges and universities as a fringe benefit.
Day Care
Due to the fact that many corporate employees are busy parents, some corporations have established day care centers at the place of business as a fringe benefit to the employees who need it.
401(k)
When a corporation matches the 401(k) contributions of employees, that is a significant fringe benefit that can be advantageous to the employee well into the future.
Sick Days
A common fringe benefit for corporate employees on all levels is sick leave. Employees can call in sick for a certain number of days each year and still be paid (as long as they are salaried).
Tax Considerations
Certain fringe benefits may be partially taxable, such as living accommodations when relocating and child care expenses that are paid on the employee's behalf.
