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To attract competent employees: Employees are known to be attracted to organizations that offer attractive fringe benefits. In this period of competition among organizations to attract competent employees, those organization that fail to offer these benefits usually loose their competent employees. This is because human beings have needs and they are attracted to organizations they feel that can take care of their needs. Time has passed when employees join organizations mainly because of the base pay or wages Torrington s.(2003). Nowadays, employees join organizations, not only because of the wages or salaries but because of fringe benefits attached to such works. These benefits may include employment security benefits, education and housing allowance etc.

Retain Competent Employees: According to Baker G.(2008), retaining competent employees is a major objective of employee benefits. It is one thing to attract employees, it is equally another thing to retain those employees. The fringe benefits attached to a particular job can make the workers to remain in the organization, retire and earn their pensions and gratuity in the organization

To motivate workers: Workers, put in their best for the organization when they are motivated. These days such motivations come in the form of employee benefits. It is an open secret that organizations that attach some benefits to their jobs are able to motivate their workers to put in their best

2.1.3FEATURES OF FRINGE BENEFITS

•        Fringe benefits are supplementary to regular wages or salaries.

•        These benefits are paid to all the employees based on this membership in the organization.

•        These benefits are indirect compensation because these are usually extended as a condition of employment and are not directly related to performance.

•        Fringe benefits involve a labor cost for the employer and are not meant directly to improve efficiency.