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

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

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

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

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

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

Minimum Wage

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

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

Latest Articles

6 Do-It-Yourself PR Tips for Small Businesses
Marketing Bootcamp

6 Do-It-Yourself PR Tips for Small Businesses

If you're a small business, doing your own PR is all about crafting pitches and getting them to the right people.
How Emotionally Brilliant Leaders Turn Envy Into Something Much More Beneficial
Emotional Intelligence

How Emotionally Brilliant Leaders Turn Envy Into Something Much More Beneficial

Moving from being envious to being inspired and motivated is a very big step in a much better direction.
Sean Kelly
10 Hidden Tricks Inside Windows 10
Radicals & Visionaries

10 Hidden Tricks Inside Windows 10

Check out these 10 Windows tricks you probably didn't know.
10 Quick Changes That Help Your Resume Get Noticed
Marketing Bootcamp

10 Quick Changes That Help Your Resume Get Noticed

Applying for a job? Try out these quick resume changes that will get you noticed by employers.
Alex Freund
7 Podcasts for Busy Parents Trying to Juggle It All
Radicals & Visionaries

7 Podcasts for Busy Parents Trying to Juggle It All

Podcasts are the way to go for busy entrepreneurs, who double as parents.
Caren Merrick
10 Overlooked Cities Where Business Opportunities are Rising
Cities

10 Overlooked Cities Where Business Opportunities are Rising

Launching a new business? Check out these up-and-coming cities.
9 Ways to Save Time and Money With Marketing Automation (Infographic)
Marketing Bootcamp

9 Ways to Save Time and Money With Marketing Automation (Infographic)

Seventy-eight percent of marketers say automation increases revenue.
Ehsan Jahandarpour
The Recipe for Successful One-On-One Meetings
Meetings

The Recipe for Successful One-On-One Meetings

Employees can make or break your organization. It's important to pay attention to them.
Rose Leadem
These Social Media Tips Will Make You Rethink Recruiting
Recruiting

These Social Media Tips Will Make You Rethink Recruiting

The four biggest social media outlets provide unique features that can be used to grab the attention of job seekers.
Kes Thygesen
5 Ways Marketing Automation May Be Doing Your Business More Harm Than Good
Marketing Bootcamp

5 Ways Marketing Automation May Be Doing Your Business More Harm Than Good

For example, never use marketing automation just because you're lazy.
AJ Agrawal
Twitter Offers New Filter, Cracks Down on Abuse
Social Media

Twitter Offers New Filter, Cracks Down on Abuse

Twitter has expanded their definition of what counts as a threat.
Nathan Sinnott
Effective Teams Have Leaders Who Do These 3 Things

Effective Teams Have Leaders Who Do These 3 Things

Q: How do I build a cohesive team?
Christopher Hann
How to Recognize and Beat Burnout
Burnout

How to Recognize and Beat Burnout

Burnout is one of the major reasons why employees leave their jobs.
Peter Daisyme
Brick-and-Mortar Retailers Must Innovate to Flourish in a Digital World
Brick and mortar

Brick-and-Mortar Retailers Must Innovate to Flourish in a Digital World

Are you up to date on the rise of the cloud-connected storefront, combining 'clicks with bricks'?
Daniel Black
5 Ways Your Manufacturing Company Can Sell More
Sales Strategies

5 Ways Your Manufacturing Company Can Sell More

Have you considered a truly interactive digital catalog? Sales plans for each count? The Pareto Principle? Yes, the Pareto Principle!
Danny Wong
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.