Page 109 - Appreciating Organization's Biggest Assets

Hygiene factors include
• Company Policies and
administrative policies
• Fringe benefits

• Interpersonal relations
• Job Security
V. Types of Fringe Benefits
• Pay
1. Payment for Time not
• Physical Working conditions
worked:
• Status
i. Hours of work: According
IV. Features of Fringe Benefits to the Factory’s Act of 1948, no
• They are additional modes adult worker may be made to work
of compensation. in a factory for more than 48 hours
per week. In certain organizations,
• They are distributed based the amount of weekly working
on each employee’s status within the hours is less than what’s required by
company, as opposed to incentives, law.
which are exclusively given to
exceptional workers. ii. Paid Holidays: The
Factory’s Act of 1948 mandates
• Fringe benefits are that adult employees receive a
considered indirect compensation weekly paid holiday, generally on
because they are provided as a Sunday. A worker who loses weekly
requirement for employment paid vacations is entitled to receive
and do not directly connect to the same number of holidays within
performance. the same month as compensation.

• These perks could be Some businesses provide two paid
mandatory or optional. For example, vacation weeks.
provident funds are required by law, iii. Shift Premium: Workers
while transportation services are who work on odd shifts are entitled
optional. to premium pay, which is more than
The employees’ living standards the standard hourly rate.
are improved due to these benefits. iv. Holiday Pay: Organizations
usually pay employees who work on
holidays twice the standard rate.

109