What Does Perk Mean?


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Evelyn Vaz answered
Perk basically refers to employee benefits. These benefits are also known as employee benefits, fringe benefits and also perquisites. These benefits are generally given to employees apart from their usual wages or salaries. Fringe benefits can also taken into account, but are not restricted to the subsequent: (employer-provided or employer-paid) housing, group insurance (health, dental, life etc.), income protection, retirement benefits, day-care, tuition reimbursement, sick leave, vacation (paid (esp. teaching) and non-paid), social security, profit sharing, funding of education and other specialised benefits.

These benefits are generally provided in order to motivate employees or even in order to increase the financial security for employees of the company. Some of the usual and common perks that company offers their employees are company cars, hotel stays, free food and drink, free time activities on work time, stationery, allowances for lunch, and sometimes even giving job coursework and holiday arrangements.

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