ABSTRACT
Benefit is a generic word used to describe the components of a substantial element of the total remuneration provided by employing organisations to their workforces. This element is a unique part of the payroll in that it is normally provided in non-cash form, although there are significant exceptions to this. Benefits include a wide variety of provisions variously termed 'fringe benefits', 'perquisites', 'allowances', 'subsidies', 'assistance', 'leave', 'discounts' or simply 'something extra'. These terms cover an extensive range of benefit categories which can be regarded as 'extras' to wage and salary. The words in common use, however are 'benefit', 'perquisite' and 'allowance'.
