Small Business Encyclopedia

Category: Employee Management

Flexible Work Arrangements

Definition: Arrangements that allow employees to have a more variable schedule as opposed to complying with the standard 8-hour workday

Goal Setting

Definition: Establishing short- or long-term objectives, usually incorporating deadlines and quantifiable measures

Employee Handbook

Definition: A document that includes information that employees may need to refer to frequently in order to meet the terms and conditions of their employment

Employment Contract

Definition: An agreement entered into between an employer and an employee at the time the employee is hired that outlines the exact nature of their business relationship, specifically what compensation the employee will receive in exchange for specific work performed

Job-Sharing

Definition: An employment option that lets two people share the responsibilities of one full-time position

Exit Interview

Definition: The formal conversation that takes place between an employee and an HR or other manager to determine the reason(s) the employee is leaving

Mentoring

Definition: Educational and/or professional development support provided by experienced colleagues

Motivating Employees

Definition: Using both tangible and nontangible rewards to keep employees enthusiastic, loyal and interested in continual improvement

Terminating an Employee

Definition: A document that outlines the procedures involved when employees are fired, with or without cause

Training Programs

Definition: Programs designed for training employees in specific skills

Noncompete Clause

Definition: Contracts between you and your employees in which your employees promise not to take what they learn while working for you and use it against you while working for a competitor. A typical noncompete agreement says the employee agrees not to work for rivals, solicit business from current clients, or otherwise compete with you for some period of time, such as a year, after leaving your company.

Severance Pay

Definition: Money in addition to wages and any other money that employers owe employees when their employment ends, such as through a layoff or firing. Severance pay is a form of what's generally called "separation," "termination" or "final pay."

Free Business Tools

Forms

Forms

Download and customize these free forms:

Partnership Agreement

Cashflow Worksheet

Employment Application

Calculators

Calculators

Evaluate and analyze your financials:

Cash Flow

Starting Costs

Discounted Cash Flow

Ads by Google

Latest Articles

This Vital Tip Will Make Your Voice Mails More Effective
Sales

This Vital Tip Will Make Your Voice Mails More Effective

It's all in the opening line, as this study shows.
Using the Winning Habits of Top Athletes to Fuel Your Success
Habits

Using the Winning Habits of Top Athletes to Fuel Your Success

Developing a daily routine is a key to athletic success and it can also help your business.
Lisa Evans
Women Made Incremental Progress in Tech the Past Few Years (Infographic)
Women Entrepreneurs

Women Made Incremental Progress in Tech the Past Few Years (Infographic)

From industry leaders to startups to venture capital, here is where women are making an impact.
Nina Zipkin
Is That Dream Opportunity a Nightmare Waiting to Happen?
Entrepreneurs

Is That Dream Opportunity a Nightmare Waiting to Happen?

Don't let fear of missing out stampede you into an opportunity that isn't the right fit.
Dixie Gillaspie
3 Rules About Cash Flow That First-Time Business Owners Need to Know
Business Optimization

3 Rules About Cash Flow That First-Time Business Owners Need to Know

First off, be proactive. The best time to think about cash flow is before you have a need.
Eyal Lifshitz
Taco Bell's New Mystery Item: What Could It Be?
Franchises

Taco Bell's New Mystery Item: What Could It Be?

As speculation grows ahead of the chain's Super Bowl reveal, here are a few possibilities of what it might be.
Lindsay Friedman
5 Growth-Hacking Strategies to Increase Your App Downloads
Apps

5 Growth-Hacking Strategies to Increase Your App Downloads

With the cost per install consistently growing each year, app publishers must get creative with their marketing efforts.
Steve Young
Watch Our Livestream With Legendary Entrepreneur Richard Branson on Feb. 18
Control What You Can

Watch Our Livestream With Legendary Entrepreneur Richard Branson on Feb. 18

The British serial entrepreneur is speaking live in L.A. about how startups can take the global market by storm with revolutionary ideas.
Kim Lachance Shandrow
Entrepreneurship Pioneer Seeks Solutions for Flint and Other Troubled Cities
Cities

Entrepreneurship Pioneer Seeks Solutions for Flint and Other Troubled Cities

Following a successful tech career, Flint native David Tarver returned home with a zeal for solving social problems.
Amanda Lewan
4 Ways Businesses Need Employee Learning Programs in Order to Grow
Employee Training

4 Ways Businesses Need Employee Learning Programs in Order to Grow

A startup will not survive without team members who are consistently learning.
Iain Scholnick
How to Serve Wine Like a Pro at Your Super Bowl Party
Wines

How to Serve Wine Like a Pro at Your Super Bowl Party

Forget trying to pair something with chips and guacamole. Instead, put out a lot of what you like.
Tracy Byrnes
5 Reasons Why Hiring Is the Single Most Important Skill for Founders
Ready To Launch

5 Reasons Why Hiring Is the Single Most Important Skill for Founders

If you don't know how to make the best hiring decisions, you will not have the best company.
Moritz Plassnig
10 Favorite Tools That Frontline Salespeople Nominate As Their Favorites
Control What You Can

10 Favorite Tools That Frontline Salespeople Nominate As Their Favorites

In sales, every minute saved is another opportunity gained.
Danny Wong
How LinkedIn Has Helped Kill Cold Calling Once and for All
Linkedin

How LinkedIn Has Helped Kill Cold Calling Once and for All

LinkedIn's messaging feature allows others to get to know you first, on their own terms, which is preferable to pretty much everyone.
Stephen Key
More Articles

About Encyclopedia

No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our "Terms A - Z" list makes tracking down terms a snap.

Ads by Google