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This paper is based on two research questions which intended to investigate employees' awareness of the availability and perceptions of the fringe benefit packages offered by local and foreign owned companies in Tanzania. The findings indicate that employees are not aware of the availability of most fringe benefits they receive even those which are legally mandated. Accordingly, the findings show that employees in foreign owned companies had positive perceptions on the fringe benefits packages they receive, while employees in local companies demonstrated negative feelings on the fringe benefit packages offered by their employers. Implications for practitioners and suggestions for further research are presented.