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
All Categories
Free Business Tools
Forms
Download and customize these free forms:
Partnership Agreement
Cashflow Worksheet
Employment Application
Checklists
Keep track of critical business tasks:
Equipment Leasing Checklist
SBA Loan Checklist
Idea Evaluation Checklist
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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.