Chapter 18
employee referral
An underused, low-cost method for finding workers that rewards your employees for recommending potential candidates that would be a great employee fit.
open-book-policy
Concept that key employees should be able to see and understand a firm's financials
off-the-job
Includes lectures, special study, videos, television conferences, case studies, role-playing, simulation, programmed instruction, and laboratory training
virtual employees
Independent contractors who provide specialized business services or support from a distance, through the Internet, telephone, fax, or another method of communication
internet recruiting
Method of recruiting that allows you to search a résumé database or post a job description to the Web
psychological contract
Refers to employees' beliefs about the promises between the employee and the firm
The Four Bottom Lines
You, Your Family, Your Business, and Your Community
job description
defines and discusses all the essential knowledge, skills, and abilities that are needed to fill a position
on-the-job training
delivered to employees while they perform their regular jobs
exempt
generally paid salaries
nepotism
hiring people based on family membership
nonexempt
hourly wage and time-and-a-half for overtime
Entrepreneurial Leadership
leadership really means administration two tasks: task and person
meritocracy
promoting people based on them being the most capable
living wage
the amount needed for a person to meet the basic necessities of life from a single job
probationary period
trial period in which an employee has temporary status before a formal offer to work full time is presented