Arab Today, arab today samsung electronics jacks up fringe benefits
Last Updated : GMT 21:31:12
Arab Today, arab today
Arab Today, arab today

Samsung electronics jacks up fringe benefits

Arab Today, arab today

Arab Today, arab today Samsung electronics jacks up fringe benefits

Seoul - Yonhap

Samsung Electronics Co., the country\'s top firm by sales, has increased fringe benefits for its employees over the past three years, data showed on Friday. According to the data on its regulatory filings, the electronics arm under Samsung Group spent 1.62 trillion won (US$1.52 billion) worth of fringe benefits in 2010, 1.99 trillion won in 2011 and 2.48 trillion won in 2012. The proportion of fringe benefits to sales also rose to 1.23 percent in 2012 from 1.21 percent in 2011, 1.05 percent in 2012, according to the data. Fringe benefits usually refer to any non-wage payment or benefit granted to employees by employers. Those benefits include pension plans, vacation pay, and company-paid life, health and unemployment insurance. Meanwhile, the company\'s total wage payment increased to 13.63 trillion won in 2012 from 11.38 trillion won in 2010 in line with an increase in the number of workers, the data showed

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