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