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Employers that offer these types of work-life perks seek to raise employee satisfaction, corporate loyalty, and worker retention by providing valuable benefits that go beyond a base salary figure.[9] Fringe benefits are also thought of as the costs of retaining employees other than base salary.[10] The term "fringe benefits" was coined by the War Labor Board during World War II to describe the various indirect benefits which industry had devised to attract and retain labor when direct wage increases were prohibited.
Wikipedia contributors, "Fringe benefit," Wikipedia, The Free Encyclopedia,
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