Small Business Encyclopedia
Category: EmployeesAbsenteeism
An employee's deliberate or habitual absence from work
Consultants
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
Teaching your employees the skills and responsibilities of another position at your company to increase their effectiveness
Hiring
The practice of finding, evaluating, and establishing a working relationship with future employees, interns, contractors or consultants
Human Resources
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
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
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
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
The administration of the financial record of employees' salaries, wages, bonuses, net pay, and deductions
Performance Reviews
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
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)
A company that technically "employs" the workers of several other companies and oversees all HR-related functions
Professional Service Providers
Individuals who provide your company with specialized service, including but not restricted to lawyers, accountants and management consultants
Minimum Wage
A wage below which employers may not legally pay employees for specific kinds of employment
Telecommuting
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
Employees who are not permanently hired but hired just for limited periods of time
Wellness Programs
Services focused on the promotion or maintenance of good health rather than the correction of poor health
Popular Articles
The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'
Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.
63 Small Business Ideas to Start in 2024
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.
'It Should Be Sold': Reddit Co-Founder Alexis Ohanian Sounds Off on Proposed TikTok Ban
Ohanian told his Instagram followers exactly where he stands.
A TikTok Ban Could Threaten the Livelihood of Many Entrepreneurs — Here's How Businesses Can Protect Themselves
It's time to pivot – not panic. Here's your go-to guide through the TikTok ban or sale saga.
From $0 to $10 Million — Here's How to Build a Winning Prop Trading Team
Do you need to know what skill set is required to be a successful leader in one of the most rapidly changing niches in finance? This article sums up the recommendations of a "prop trading" pioneer.
Uber and Lyft Are Leaving a Major U.S. Metro After City Council Bumps Up Drivers' Minimum Wage
The rideshare companies plan to leave Minneapolis on May 1.