How Can Fringe Benefits Be Used to Increase Employee Productivity?
Many people believe that increasing fringe benefits, or benefits that are not mandated, establishes loyalty and boosts production among employees. Some argue these beliefs are incorrect, but many others support them. It would be difficult to examine the effects of all possible fringe benefits, but looking at a few can give employers a sense of how employee productivity might be increased by offering fringe benefits. Some countries offer free healthcare, but in other countries, people need to buy insurance. Offering health insurance is a fringe benefit, and the quality of it could be directly tied to employee productivity. In general, sick employees are not productive employees, and any insurance offered to workers should be affordable and offer reasonable amounts of coverage. Affordability should additionally take into account things like copayments and deductibles.
