Employee benefits and (especially in British English ) benefits in kind (also called fringe benefits , perquisites , or perks ) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries . In instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a ' salary packaging ' or 'salary exchange' arrangement. In most countries, most kinds of employee benefits are taxable to at least some degree. Examples of these benefits include: housing (employer-provided or employer-paid) furnished or not, with or without free utilities; group insurance ( health , dental , life etc.); disability income protection; retirement benefits ; daycare ; tuition reimbursement; sick leave ; vacation (paid and non-paid); social security ; profit sharing ; employer student loan contributions ; conveyancing ; domestic help (servants); and other specialized benefits.