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What is PERK in SAP HCM

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Hello Experts,

Please can anyone tell explain what is PERK in SAP HCM

Regards,

AW

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
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Dear Anand,

PERK is one type of benefit which will provided by the company . its a non monetary benefit

Exampls for this :

Accommodation

Cars/Other automotive

Sweeper, gardeners, watchman or personal attendant

Gas, electricity, water

Interest free or concessional loans

Holiday expenses

Free or concessional travel

Free meals

Free Education

Gifts, vouchers etc.

Credit card expenses

Club expenses

Use of movable assets by employees

Transfer of assets to employees

Value of any other benefit/amenity/service/privilege

Stock options

Other benefits

For the Annual perks we have one technical wage type /413 & /127

Regards

RBS

Answers (2)

Answers (2)

S0017256970
Active Participant
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The PERK is not related to only to SAP HCM but to overall General HR matter. For example when you comple 5 years of your service in the same company they gave you some Gift Vouchers , this is PERKS.

Former Member
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Dear Anand,

In continuation to Raghu,

The Perk or Perquisite is non-monitory or monitory benefits which are Taxable.

Sincerely

Govardhan Reddy