Chapter 18

# of businesses that had no employees in 2015

24.3

how long is a probationary period

30-180 days

# of businesses in 2015

30.2

the match between the needs, expectations, and culture of the small business with the expectations and skills of the individual employee

Employee fit:

underused low-cost method that rewards employees for recommending potential customers

Employee referral

a federal government descriptor of employees who are exempt from the fair labor standards act and are generally paid salaries

Exempt

method of recruiting that allows you to search a resume database or post a job description to the web

Internet recruiting

defines and discusses all the essential knowledge, skills, and abilities that are needed to fill a position

Job description

examples of off the job training

Lectures, special studies, videos, case studies, etc.....

the amount needed for a person to meet the basic necessities of life from a single job

Living wage

A management philosophy of selecting and promoting people based solely on their being the most capable person for the job.

Meritocracy

a management philosophy of selecting and promoting people based on family ties

Nepotism

relatively low-cost, time-intensive, method of recruiting

Networking

a federal government descriptor of employees under the fair labor standards act who get an hourly wage and time-and-a-half for overtime

Nonexempt

delivered to employees while they perform their regular jobs

On-the-job training

concept that key employees should be able to see and understand a firms financials, that they should have a part in moving the numbers in the right direction, and that they should have a direct stake in the strategy and success of the firm

Open-book policy

examples of on the job training

Orientation, job instruction, apprenticeships, internships etc...

trial period in which an employee has temporary status before a formal offer to work full time is presented

Probationary period

independent contractor who provides specialized business services or support from distance, through the internet, phone, fax, or another method of communication

Virtual employee:

state laws are not extremely varied

false

many entrepreneurs/small businesses never

hire anyone

Training should be considered an

investment

training should be

ongoing

__________ may be the answer if your small business is not ready to hire employees, but you have a growing need to meet workload demand

outsourcing

what do entrepreneurs care more about rather then money

personal growth and autonomy

Company websites can be used to post job openings (low-cost)

true

While every business has its own rhythm, its usually wise to go through the first year without hiring

true

employee-sponsored health insurance is not standard among small businesses

true

Career service offices encourage companies to post openings to their job bank to recruit at both the

undergraduate and the graduate level