Comparison of Fringe Benefits in Turkey and United Kingdom

The purpose of this study is to reveal the similarities, differences, and factorial structure of fringe benefit applications in banks in Turkey and the United Kingdom. Data was collected based on the banks' information available on the Internet. The present study was designed as a kind of online survey. The findings indicate British banks exhibited more successful applications than Turkish banks in the communication of fringe benefits. When fringe benefit applications are evaluated through dual comparisons, the insurance fringe benefit applications of the two countries are compatible on a large scale. Other fringe benefit applications show significant differences. It is understood that local needs, customs, and judicial regulations may determine the creation of fringe benefit application programs in the two countries. This is the first study to compare the employee fringe benefits applied in banks in the UK and Turkey. In addition, the study has the potential to serve as a reference for Turkish banks.