Fringe Facts Online benefit statements show your employees what their statutory and fringe benefits are and how much they cost. According to recent studies by the U.S. Chamber of Commerce, employers spend an average of 42 percent on top of payroll for benefits. Unfortunately, few companies are getting their money's worth. Industry studies show that while employees receive thousands of dollars in statutory and fringe benefits annually, most have no idea what their benefits are or how much those benefits are worth. A lack of appreciation for employer paid fringe benefits often has a negative impact on employee morale which can lead to increased turnover, lower productivity, higher operating costs and decreased profits.
Communication is the key.
And the Fringe Facts Online benefit statement service is an inexpensive way to communicate the various benefits that are available to each of your employees. Fringe Facts is the tool to communicate the total package of benefits. We've received a lot of compliments from our employees. This leads to improved morale and greater productivity, and that translates into lower costs. Save Money 1.