perquisite 🔊
Meaning of perquisite
A benefit or privilege gained as a result of one's position or employment, often in addition to regular salary.
Key Difference
Unlike general benefits, a perquisite is typically non-monetary and tied to a specific role or status.
Example of perquisite
- The CEO's perquisites included a company car and exclusive club memberships.
- One of the perquisites of being a senior professor is access to the university's research grants.
Synonyms
privilege 🔊
Meaning of privilege
A special right or advantage available only to a particular person or group.
Key Difference
Privilege is broader and can be societal, while a perquisite is job or position-specific.
Example of privilege
- Voting is a privilege of citizenship that should not be taken for granted.
- Diplomatic immunity is a privilege granted to ambassadors.
benefit 🔊
Meaning of benefit
An advantage or profit gained from something, often as part of employment.
Key Difference
Benefits are usually part of a structured package, whereas perquisites are additional and often informal.
Example of benefit
- Health insurance is a common benefit offered by employers.
- One benefit of remote work is the flexibility to set your own hours.
fringe benefit 🔊
Meaning of fringe benefit
An extra benefit supplementing an employee's salary.
Key Difference
Fringe benefits are usually standardized, while perquisites can be more personalized.
Example of fringe benefit
- Free gym membership is a popular fringe benefit in tech companies.
- Company-provided childcare is a valuable fringe benefit for working parents.
bonus 🔊
Meaning of bonus
An extra payment or reward beyond what is usual or expected.
Key Difference
A bonus is typically monetary, while a perquisite is non-cash.
Example of bonus
- Employees received a year-end bonus for exceeding performance targets.
- Sales staff often earn bonuses based on commission.
advantage 🔊
Meaning of advantage
A condition giving a greater chance of success.
Key Difference
An advantage is general, while a perquisite is tied to a role.
Example of advantage
- Fluency in multiple languages is an advantage in international business.
- Early access to new features is an advantage for premium subscribers.
perk 🔊
Meaning of perk
A casual term for a special benefit or advantage of a job or position.
Key Difference
Perk is informal, whereas perquisite is more formal.
Example of perk
- Free snacks in the office are a nice perk for employees.
- Travel discounts are one of the perks of working for an airline.
entitlement 🔊
Meaning of entitlement
A right or benefit granted by law, policy, or agreement.
Key Difference
Entitlements are legally binding, while perquisites are discretionary.
Example of entitlement
- Social Security is an entitlement for eligible retirees.
- Paid leave is an entitlement under many labor laws.
allowance 🔊
Meaning of allowance
A fixed amount of money or resources provided for a specific purpose.
Key Difference
An allowance is a set monetary amount, while a perquisite is non-cash.
Example of allowance
- Government employees often receive a housing allowance.
- Students on field trips may get a meal allowance.
emolument 🔊
Meaning of emolument
A salary, fee, or profit from employment or office.
Key Difference
Emoluments are direct compensation, while perquisites are supplementary.
Example of emolument
- The judge’s emoluments include a salary and judicial immunity.
- Public officials must disclose all emoluments to avoid conflicts of interest.
Conclusion
- Perquisites are exclusive benefits tied to specific roles, enhancing status beyond salary.
- Privilege can be societal or institutional, not just job-related like a perquisite.
- Benefits are standard in employment packages, while perquisites are extra and often informal.
- Fringe benefits are common across organizations, unlike personalized perquisites.
- Bonuses are monetary rewards, whereas perquisites are non-cash advantages.
- Perks are the casual cousin of perquisites, often used in everyday language.
- Entitlements are legally guaranteed, while perquisites are discretionary.
- Allowances are fixed monetary support, differing from non-cash perquisites.
- Emoluments are core compensation, while perquisites are additional luxuries.