Small Business Encyclopedia

Category: Employees

Absenteeism

Definition: An employee's deliberate or habitual absence from work

Consultants

Definition: A person engaged to provide professional advice or services for a fee, but not as an employee of the business that engages him or her

Cross Training

Definition: Teaching your employees the skills and responsibilities of another position at your company to increase their effectiveness

Executive Recruitment

Definition: The act of using a personnel firm to locate potential candidates to fill open senior-level management or other critical positions in your company

Hiring

Definition: The practice of finding, evaluating, and establishing a working relationship with future employees, interns, contractors or consultants

Human Resources

Definition: The department or support systems responsible for personnel sourcing and hiring, applicant tracking, skills development and tracking, benefits administration and compliance with associated government regulations

Independent Contractor

Definition: A person hired to do work for another but who is not an employee or agent of that person. Control is subjected to the end result and not as to how the work is performed as opposed to an employee who receives direction on what, when and, to some degree, how to do a job.

Interns

Definition: A person, usually a student, participating in a program of temporary, supervised work in a particular field in order to gain practical experience

Leased Employees

Definition: Workers who are officially employed by a professional employer organization, which is responsible for overseeing all HR-related functions, but who actually perform all work for your company

Minimum Wage

Definition: A wage below which employers may not legally pay employees for specific kinds of employment

Payroll Management

Definition: The administration of the financial record of employees' salaries, wages, bonuses, net pay, and deductions

Performance Reviews

Definition: An analysis of an employee's work habits undertaken at a fixed point in time to determine the degree to which stated objectives and expectations have been reached

Professional Employer Organization (PEO)

Definition: A company that technically "employs" the workers of several other companies and oversees all HR-related functions

Professional Service Providers

Definition: Individuals who provide your company with specialized service, including but not restricted to lawyers, accountants and management consultants

Telecommuting

Definition: The practice of working from home for a business and communicating through the use of a personal computer equipped with modem and communications software

Temporary Workers

Definition: Employees who are not permanently hired but hired just for limited periods of time

Wellness Programs

Definition: Services focused on the promotion or maintenance of good health rather than the correction of poor health

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

10 Single Mom Entrepreneurs Share Their Best Business Advice
Mompreneurs

10 Single Mom Entrepreneurs Share Their Best Business Advice

These single mothers, all of whom run successful companies, have learned critical lessons about building a business while raising a family.
Kate Taylor
Bouncing Back From Failure, a Fitness Business Gets It Right
Franchisors

Bouncing Back From Failure, a Fitness Business Gets It Right

MaxOut Strength Systems went through a serious rough period.
What Your Personality Type Says About Your Career Destiny (Infographic)
Personality Type

What Your Personality Type Says About Your Career Destiny (Infographic)

Extroverts tend to make more money than introverts, while imaginative intuitive thinkers are more likely to be entrepreneurs than their realistic sensor counterparts, a study shows.
Kate Taylor
How This Startup Is Helping Restaurants Be More Efficient About Delivery
Food Delivery

How This Startup Is Helping Restaurants Be More Efficient About Delivery

DoorDash's web software and app offers restaurants on-demand delivery options using a team of Uber-style drivers.
Short on Time and Money? You Can Still Develop a Strong Brand.
Branding

Short on Time and Money? You Can Still Develop a Strong Brand.

Get started by asking yourself these six questions.
Laura Entis
These Franchisees Are on Fire, Not Ice, When It Comes to Philanthropy
Franchise Players

These Franchisees Are on Fire, Not Ice, When It Comes to Philanthropy

With proceeds from their Kona Ice franchise, Ted and Sandra Andrews of Ohio have raised $190,000 for children's and community organizations in Southeast Ohio.
Entrepreneur Staff
Start Before You're Ready: Advice From 4 Established Entrepreneurs
Inspiration

Start Before You're Ready: Advice From 4 Established Entrepreneurs

A post last year resonated with entrepreneurs around the world. Here are some of their comments.
Jaclyn Mullen
Detroit Is Cultivating Local Entrepreneurship to Secure Its Future
Bootstrapping

Detroit Is Cultivating Local Entrepreneurship to Secure Its Future

The Motor City isn't waiting for a savior to move to town. It's banking on the energy of the people who call it home.
Amanda Lewan
7 Lessons Entrepreneurs Can Learn From Tom Hanks
Entrepreneurs

7 Lessons Entrepreneurs Can Learn From Tom Hanks

He's been a castaway, an FBI agent and a cowboy doll that talks, but his best role is perhaps that of a businessman.
Carly Okyle
Why Are Leaders So Afraid of Change?
Managing Employees

Why Are Leaders So Afraid of Change?

To drive and inspire their teams through a transition, leaders must be open to feedback and criticism about themselves, too.
Gershon Mader
11 Pieces of Rebel Advice That Will Catapult Your Startup Success
Grow Your Business

11 Pieces of Rebel Advice That Will Catapult Your Startup Success

I've designed my life going against the norm. Here are some strategies to help with your journey.
Andrew Medal
7 Metaphors to Help Understand Being an Entrepreneur
Wisdom

7 Metaphors to Help Understand Being an Entrepreneur

It's tough explaining why you chose to be an entrepreneur over the many easier ways to make a living. Saying what it is like is often easier than saying what it is.
Steve VanderVeen
Mark Zuckerberg and His Wife Are Expecting a Baby Girl
Mark Zuckerberg

Mark Zuckerberg and His Wife Are Expecting a Baby Girl

Priscilla Chan, Zuckerberg's wife of three years, has suffered three miscarriages over the last few years.
Kate Taylor
Uber Speeds Past Facebook as Quickest to $50 Billion Value Level
Uber

Uber Speeds Past Facebook as Quickest to $50 Billion Value Level

Uber reached an important milestone in valuation three years before Facebook.
Ray Hennessey
What Does It Take to Get Your Product on QVC?
Inventing

What Does It Take to Get Your Product on QVC?

The head of a company that hooks up inventors with the popular shopping channel dishes on how inventors can show off their products to millions.
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