What type of benefit typically includes paid vacation and health insurance?

Fringe benefits are a category of additional perks provided to employees apart from their regular salary. These benefits often include non-cash perks such as paid vacation, health insurance, retirement plans, and other types of insurance. Employers offer these benefits to attract and retain talent, helping to enhance overall job satisfaction and productivity.

In the context of the question, paid vacation and health insurance clearly fall under this definition, as they are supplementary compensations that significantly contribute to the well-being of employees. While monetary benefits refer to direct financial compensation and standard benefits might encompass more general offerings, fringe benefits specifically highlight those extra advantages that can enrich an employee's experience at work. Foundational benefits, on the other hand, do not encapsulate the entirety of what fringe benefits provide.