benefit in kind: translation
benefit in kind ˌbenefit in ˈkind noun benefits in kind PLURALFORM [countable] HUMAN RESOURCES
something other than money, for example free meals or a company car, that an employer gives to a worker in addition to their normal pay:
• All benefits in kind are now taxed.
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benefit in kind UK US noun [C] (plural benefits in kind) HR
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Mr Smith's salary, pension, and benefits in kind, including a company car and medical insurance, amounted to £289,627 for the year 2010.
→ Compare EMPLOYEE BENEFIT(Cf.↑employee benefit), FRINGE BENEFIT(Cf. ↑fringe benefit), PERQUISITE(Cf. ↑perquisite)