Which of these includes employee benefits such as provident... | Agrigyan

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Q.1

Agri-business Management- ICAR JRF/SRF 2024 (Q.46)

MCQ (Single Correct) +4 −1

Which of these includes employee benefits such as provident fund, gratuity, medical care, hospitalization, accident insurance, health and group insurance, mess facilities, uniform, entertainment, and so on?

Wages and salary Incentives Allowances Fringe benefits/perquisites Correct

Fringe Benefits / Perquisites:
In Human Resource Management, fringe benefits (perquisites) encompass supplementary non-wage/non-salary compensation packages provided to employees to enhance their social security, well-being, and job commitment.
Typical fringe benefits include provident fund (PF) matching contributions, gratuity, comprehensive group health insurance, medical reimbursement, accident insurance, subsidized cafeteria/mess facilities, uniforms, and recreational programs.
Distractors:
Wages and Salary: Fixed core contractual financial compensation paid directly for work performed.
Incentives: Variable performance-linked monetary rewards (bonuses, piece-rate incentives).
Allowances: Specific cash additions to base pay for designated expenses (House Rent Allowance - HRA, Dearness Allowance - DA).

Correct option: (4) Fringe benefits/perquisites

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