What term describes the financial benefits that come in addition to an employee's salary?

The term "fringe benefits" refers to the additional financial perks that employees receive beyond their regular salary. These benefits can include various forms of compensation such as health insurance, retirement plans, paid time off, bonuses, and other incentives designed to enhance an employee's overall compensation package.

Fringe benefits are an important aspect of employment as they can significantly impact employee satisfaction and retention. Organizations often use these benefits to attract talent and motivate employees by improving their quality of life and providing financial security. This makes positions within the company more attractive compared to others that may only offer a base salary without additional perks.

The other terms provided do not accurately describe these additional financial benefits. Motivation refers to the factors that drive individuals to work towards achieving goals and may not necessarily involve direct financial compensation. E-commerce involves buying and selling goods or services over the internet and is unrelated to employee compensation. An assessment centre is a selection tool used in the recruitment process to evaluate candidates through various exercises and is not linked to employee benefits.