Perquisites, commonly known as "perks," are employee benefits beyond salary or wages. Perquisites are additional advantages or privileges granted to employees in addition to their standard pay and benefits. Some synonyms for this word include "fringe benefits," "extras," "privileges," "advantages," or "amenities." Fringe benefits can include a wide range of items, such as health insurance, retirement savings, childcare assistance, and even free parking. Companies often offer these benefits as incentives to attract and retain top talent, and they can go a long way in boosting employee morale and job satisfaction. Overall, perquisites are an essential component of a comprehensive employee compensation package.