Profit Sharing . Profit sharing is the distribution of a percentage of the firm's profit among its employees. Employee Benefits . An employee benefit is a reward in addition to regular compensation that is provided indirectly to employees. Types of Benefits .
Employee benefits take a variety of forms.
Flexible Benefit Plans . Through a flexible benefit plan , an employee receives a predetermined amount of benefit dollars and is allowed to allocate these dollars to various categories of benefits that best fit his or her individual needs. Management development is the process of preparing managers and other professionals to assume increased responsibility in both present and future positions. Analysis of Training Needs Managers must determine whether or not training is needed and, if so, what types of training needs exist with the organization. Training might focus on business ethics, product information, or customer service.