fringe rate

USAGE SUMMARY

The phrase "fringe rate" is correct and usable in written English.
It is typically used in contexts related to finance, employment, or benefits, referring to additional costs or benefits associated with a base rate. Example: "The fringe rate for our employees includes health insurance, retirement contributions, and other benefits."

✓ Grammatically correct

Formal & Business

Science

News & Media

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

Babcock & Wilcox, the private contractor that operated Y-12, said that the eight-thousand-dollar figure didn't include "the incremental fringe rate," "the burden labor rate," or "the overhead" for getting the work done.

The New Yorker

fringe rate   Finkelstein et al. (2002) [24] - newspaper, TV personnel, equipment and supplies, admin.

Health Economics Review

A co-registration error of 6 pixels results into a fringe rate of approximately 60 fringes across a typical interferogram.

Earth, Planets and Space

In the decorrelation zone, each scatter of the ground SAR target pixel (horizontal spacing is several meters or more) moved randomly and/or with a high interferogram fringe rate due to the main fault movement and associated strong seismicity.

Earth, Planets and Space

In the decorrelation zone, each scatter of the ground SAR target pixel (horizontal spacing is several meters or more) moved randomly and/or with a high interferogram fringe rate due to the main fault movement and associated strong seismicity.  .

Earth, Planets and Space

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

We present the severe interferogram unwrapping problems partly due to the coherence loss but mostly due to the high fringe rates.

Journal of Applied Geophysics

One problem faced by all institutions is finding commonality among the various funding sources and corresponding fringe rates, state and national laws regarding employee status, and international tax treaty agreements.

Science Magazine

But Lowe's succumbing to The Florida Family Association is like throwing in the towel to a fringe, third rate, comic book villain who serves as a one issue filler, such as The Rhino or Hammerhead.

Huffington Post

The mean projected annual costs per FTE, based upon USBLS 2010 average salaries adjusted for a 25% fringe benefit rate, was $2,161.75 (range: $926.13 to $4,604.11) for the nine practices.

BMC Health Services Research

* TC = P*Q) product of price (P; salary & fringe or wage rate costs per minute) and quantity (Q; average minutes per person).

BMC Pregnancy and Childbirth

IGN Fringe reviewer Ramsey Isler rated the episode 8.0/10, calling it "one of the most memorable Fringe episodes to date".

Wikipedia

Expert writing Tips

Best practice

When discussing employee compensation, be clear whether you're referring to the base salary or the total cost including the "fringe rate".

Common error

Avoid using "fringe rate" interchangeably with salary or hourly wage. The "fringe rate" includes additional costs like benefits and overhead.

Linguistic Context

The phrase "fringe rate" functions primarily as a noun phrase, identifying a specific type of rate. According to Ludwig AI, it is correct and usable in English. It typically refers to the cost or percentage associated with employee benefits beyond the base salary. The examples show it used in both financial and scientific contexts.

Expression frequency: Uncommon

Frequent in

Science

30%

News & Media

30%

Formal & Business

20%

Less common in

Encyclopedias

10%

Wiki

5%

Reference

5%

Ludwig's WRAP-UP

In summary, "fringe rate" is a noun phrase used to describe the cost of employee benefits as a percentage of their base pay, or in scientific contexts. As Ludwig AI confirms, the phrase is correct and acceptable for use. It appears most frequently in scientific contexts as well as news and formal writing. When writing about compensation, it's crucial to distinguish between the base wage and the "fringe rate" to provide a complete and accurate financial picture. Alternatives include "fringe benefit cost" and "supplemental pay".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

fringe benefit cost

Focuses specifically on the cost aspect of fringe benefits.

supplemental pay

Emphasizes the additional compensation beyond the base salary.

additional compensation rate

Highlights the rate at which additional compensation is provided.

indirect labor cost

Highlights the indirect nature of this particular labor cost.

employee benefit rate

Focuses on the rate associated with employee benefits.

ancillary wage expense

Indicates an expense related to wages that is not the direct wage itself.

total compensation package

Encompasses all forms of compensation, including fringe benefits.

employee overhead rate

Specifically relates to overhead costs associated with employees.

benefit loading

Refers to the practice of adding benefit costs onto the base wage.

non-wage labor costs

Emphasizes costs beyond the standard wage.

FAQs

What does "fringe rate" mean in accounting?

In accounting, "fringe rate" refers to the cost of benefits—such as insurance, retirement, and other perks—expressed as a percentage of base wages or salaries. It's used to calculate the total cost of employment.

How do you calculate the "fringe rate"?

To calculate the "fringe rate", divide the total cost of employee benefits by the total gross wages. The result is often expressed as a percentage (e.g., a fringe rate of 30% means that benefits cost 30% of the employee's salary).

What is included in an employee's "fringe rate"?

An employee's "fringe rate" typically includes costs for health insurance, retirement contributions, paid time off, life insurance, disability insurance, and payroll taxes. It may also encompass other benefits like education assistance or employee assistance programs.

What's the difference between "fringe rate" and a "fringe benefit"?

"Fringe benefits" are the specific perks or benefits an employee receives in addition to their salary (e.g., health insurance, paid time off). "Fringe rate" is the overall cost of those benefits expressed as a rate or percentage of the employee's wages.