Chapter 6Employee Benefits and Perquisites
INTRODUCTION
This chapter combines two compensation elements—employee benefits and perquisites—since executives participate in both. Perquisites (perks for short) begin where employee benefits leave off, and, for that reason, the two are combined in this chapter.
Importance by Type of Company
Like the salary element described in Chapter 4, the importance of employee benefits and perquisites in the compensation package depends on whether the company is nonprofit or for-profit, publicly held or privately held. This is illustrated in Tables 6.1 and 6.2. The relatively higher importance of employee benefits ...
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