Question
Fridge Benefits
Answer :
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Fringe benefits refer to the additional compensation provided to employees apart from their basic salary or wages. In the tourism industry, fringe benefits play a significant role in attracting, motivating, and retaining skilled personnel, as the sector is highly service-oriented and dependent on employee performance and customer interaction. These benefits enhance job satisfaction and promote loyalty among staff working in hotels, travel agencies, airlines, resorts, and other tourism-related organizations. Fringe benefits in tourism may be classified into monetary and non-monetary benefits. Monetary benefits include bonuses, profit-sharing, overtime pay, medical insurance, gratuity, provident fund, and retirement benefits.
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