Fringe benefits are an important part of any company’s compensation package and are often a deciding factor in a team member’s decision to stay at a job or look elsewhere. The internal revenue code allows for a number of non-cash fringe benefits for team members, so when planning this year’s budget, consider using non-cash benefits to reward your team members.

Non-cash benefits are desirable because they are excluded from the employee’s gross income and are tax deductible for the employer. Here are a few non-cash benefits you can provide for your team members: