If there are a lot of words and phrases unfamiliar to you in the business world then you’ve come to the right place. ZoomShift’s small business glossary will explain some of the meanings of the most commonly used business phrases.
What is a boomerang employee and what are the pros and cons of boomerang employees?
What is churn rate and what is the churn rate formula?
What is competency-based pay and what are the advantages and disadvantages of competency-based pay?
What is a convenience product and what are the types of convenience products?
What are the definitions of dislocated workers?
What are disposable earnings and what is disposable pay for garnishments?
What is the Dual Labor Market and what does it look like in today’s economy?
What is employee benefits administration and what is the role of a benefits administrator?
What is the definition of employee engagement?
What is employee management?
What is employee orientation?
What is the definition of employee relations?
What is employee sourcing?
What is employee turnover and why does it matter?
What is your employment history and how do you find your employment history?
What is FUTA payroll tax and who must pay FUTA tax?
What are fixed costs and how do you calculate fixed costs?
What is food cost percentage and how do you calculate food cost percentage?
What is form 940 and who needs to file form 940?
What is IRS form 1042-s and who must file 1042-s?
What is gross misconduct and how do you deal with it?
What are gross wages and how do you calculate gross wages?
What is human capital management (HCM)?
What is a HR Business Partner and what does a HR Business Partner do?
What is indirect compensation?
What is informal communication in the workplace?
What is the inventory turnover ratio and how do you calculate inventory turnover ratio?
What is job classification and what is the importance of job classification?
What is a leave request and how do you request a leave of absence from work?
What is market penetration and how do you calculate it?
What is market saturation and how can you succeed in a saturated market?
What is merit pay?
What is micromanaging and what are the advantages & disadvantages of micromanaging employees?
What is net sales and how do you calculate net sales?
What is a notice period and how long of a notice period should you give?
What is paid time off and what are examples of paid time off?
What is par level and what is the par level formula?
What is a pay period and how are pay periods determined?
What is performance improvement and is a performance improvement plan appropriate for your business?
What is prestige pricing and what prestige pricing strategies are there?
What are pre-tax deductions?
What does punctual mean and why is punctuality important for business?
What does redundant mean and what are the common reasons for redundancy?
What does salaried non-exempt mean?
What is the salary basis test?
What is SUTA tax and how do you calculate SUTA tax?
What does statutory employee mean and who qualifies as a statutory employee?
What is a split shift and what are the advantages and disadvantages of split shifts?
What is SUI taxes and who is required to pay SUI taxes?
What is time tracking?
What is time to hire and how do you calculate time to hire?
What is time to fill and how do you calculate time to fill?
What is turnover rate and how do you calculate it?
What is a variable cost and how is variable cost calculated?
What is year to date and why is it important?