Small Business Encyclopedia

Category: Employees

Absenteeism

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

Science & Technology

Tired of the hustle? Discover a free, hidden AI from Google that helped me double sales and triple leads in a month. Learn how this tool can analyze campaigns and uncover insights most marketers miss.

Business News

Fed Chair Jerome Powell's comments on Bitcoin and rate cuts have rattled cryptocurrency investors.

Business News

Zillow released its annual lists featuring the top housing markets, small towns, coastal cities, and geographic regions. Here's a look at the top real estate markets and towns in 2024.

Business Ideas

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Experts from EY tell Entrepreneur that a government shutdown could leave "a visible mark" on the economy.

Business Ideas

You can't plan for the new year until you complete these checkups.