perquisite
(noun)
Any monetary or other incidental benefit beyond salary.
Examples of perquisite in the following topics:
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Forms of Financial Compensation
- Salary (also now known as fixed pay) is coming to be seen as part of a "total rewards" system, which includes bonuses, incentive pay, and commissions, benefits and perquisites (or perks), and various other tools which help employers link rewards to an employee's measured performance.
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Comparability
- In order to determine fair market value, the owner's compensation, benefits, perquisites and distributions must be adjusted to industry standards.
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Homeschooling: Teaching Children at Home
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Executive Compensation
- It is typically a mixture of salary, bonuses, shares of and call options on the company stock, benefits, and perquisites, ideally configured to take into account government regulations, tax law, the desires of the organization and the executive, and rewards for performance.