Understanding Perquisites: What They Are and Why Employers Offer Them

Perquisite refers to a benefit or privilege that is provided in addition to an employee's regular salary or wages. It can be in the form of additional compensation, such as bonuses or commissions, or it can be non-monetary benefits like health insurance, retirement plans, or paid time off. Perquisites are often used by employers to attract and retain top talent, as they can be a valuable component of an employee's overall compensation package.

Example: A company might offer a perquisite like a company car or a free gym membership to its executives as a way to show appreciation for their hard work and dedication.

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