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

How Small Business Networking Strengthens Your Personal Brand
Marketing Bootcamp

How Small Business Networking Strengthens Your Personal Brand

Networking can be defined as the building, maintaining and developing of relationships.
Maria Elena Duron
Top Tips From 5 Digital Nomads
digital nomad

Top Tips From 5 Digital Nomads

Take your work anywhere you go. Just be ready for the bumps in the road.
Tyler Leslie
17 Ways to Tell if Your Colleague Hates You (Infographic)
Infographics

17 Ways to Tell if Your Colleague Hates You (Infographic)

Steer clear of negative co-workers -- they'll only bring you down.
Rose Leadem
How Do You Solve the Discount Conundrum in B2B Sales?
Pricing

How Do You Solve the Discount Conundrum in B2B Sales?

Investigate how you can create value for your customer and yourself without resorting to slashing prices.
Danny Wong
Best News We've Heard All Day: Study Shows Beer Is Good for Business
Happiness

Best News We've Heard All Day: Study Shows Beer Is Good for Business

A recent study published in the journal 'Psychopharmacology' says that suds bring happier human interactions. We'll drink to that!
Entrepreneur Staff
If, Like Many Others, You're Hesitating About Going Public, Scale This Way Instead.
IPO

If, Like Many Others, You're Hesitating About Going Public, Scale This Way Instead.

Remain private as a business, and scale that way. The outcome will be a good one.
Erik Huberman
Tech Took Over New York Fashion Week
Fashion Tech

Tech Took Over New York Fashion Week

Download these apps to help you save money while staying fashion forward.
Jessica Abo
3 Ways Professional Organizations Can Benefit Any Startup
Ready To Launch

3 Ways Professional Organizations Can Benefit Any Startup

Participation helps establish reputations and uncover opportunities for partnership
Peter Daisyme
The Surprising Election Issues Working Families Care About Most
Make More Happen

The Surprising Election Issues Working Families Care About Most

These concerns come before covering health expenses and college tuition, according to a survey by online parenting community Fatherly.
Lydia Belanger
5 Trends Driving Disruption in the Accounting Industry
Disruption

5 Trends Driving Disruption in the Accounting Industry

Double-entry accounting was invented at least a 1,000 years ago. Big changes are long overdue.
Samuel Edwards
Apple and America's Tax-Revenue Giveaway
International Business

Apple and America's Tax-Revenue Giveaway

U.S. companies operating abroad pay less U.S. tax when they pay foreign taxes as well. What's wrong with this picture?
Joe Kennedy
Finally: An Honest Portrayal of Entrepreneurship
Make More Happen

Finally: An Honest Portrayal of Entrepreneurship

A groundbreaking new documentary reveals the unsexy and uncertain path to launch a business. With young Americans starting companies at multi-decade lows, it's a call to action we can't ignore.
Andrew Yang
What Running a Tour Company in North Korea Taught This Founder About Customer Service
Travel

What Running a Tour Company in North Korea Taught This Founder About Customer Service

Travel can spark unexpected businesses, and Andrea Lee started hers after a pleasant trip to… North Korea?
5 Ways to Create a Culture That Aligns With Your Brand
Make More Happen

5 Ways to Create a Culture That Aligns With Your Brand

Creating a brand is only the first step. Learn how to get your entire company on board so customers see your brand at work in every aspect of your business.
Karen Tiber Leland
Facebook Inflated Video Ad Viewing Stats for 2 Years
Facebook

Facebook Inflated Video Ad Viewing Stats for 2 Years

The error has been fixed and did not impact billing, the social network said.
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.