{"id":1432,"date":"2024-01-29T14:46:32","date_gmt":"2024-01-29T20:46:32","guid":{"rendered":"https:\/\/www.zoomshift.com\/blog\/?page_id=1432"},"modified":"2024-02-29T10:06:55","modified_gmt":"2024-02-29T16:06:55","slug":"small-business-glossary","status":"publish","type":"page","link":"https:\/\/www.zoomshift.com\/blog\/small-business-glossary\/","title":{"rendered":"Small Business Glossary"},"content":{"rendered":"<p>If there are a lot of words and phrases unfamiliar to you in the business world then you&#8217;ve come to the right place. ZoomShift&#8217;s small business glossary will explain some of the meanings of the most commonly used business phrases.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"a\"><\/span><strong>A<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/agile-organization\/\" target=\"_blank\" rel=\"noopener noreferrer\">Agile Organization<\/a><\/h3>\n<p>What is an agile organization and how is an agile organization structured?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"b\"><\/span><strong>B<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/blended-workforce\/\" target=\"_blank\" rel=\"noopener noreferrer\">Blended Workforce<\/a><\/h3>\n<p>What is a blended workforce and how do you manage a blended workforce?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/boomerang-employee\/\" target=\"_blank\" rel=\"noopener noreferrer\">Boomerang Employee<\/a><\/h3>\n<p>What is a boomerang employee and what are the pros and cons of boomerang employees?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/business-agility\/\" target=\"_blank\" rel=\"noopener noreferrer\">Business Agility<\/a><\/h3>\n<p>What is business agility and what are the benefits of business agility?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/buyer-behavior\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buyer Behavior<\/a><\/h3>\n<p>What is buyer behavior and what are the types of buyer behavior?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/buyer-persona\/\" target=\"_blank\" rel=\"noopener noreferrer\">Buyer Persona<\/a><\/h3>\n<p>What is a buyer persona and how do you create a buyer persona?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"c\"><\/span><strong>C<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/churn-rate-formula\/\" target=\"_blank\" rel=\"noopener noreferrer\">Churn Rate Formula<\/a><\/h3>\n<p>What is churn rate and what is the churn rate formula?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/competency-based-pay\/\" target=\"_blank\" rel=\"noopener noreferrer\">Competency-Based Pay<\/a><\/h3>\n<p>What is competency-based pay and what are the advantages and disadvantages of competency-based pay?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/convenience-products\/\" target=\"_blank\" rel=\"noopener noreferrer\">Convenience Products<\/a><\/h3>\n<p>What is a convenience product and what are the types of convenience products?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"d\"><\/span><strong>D<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/decision-makers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Decision Maker<\/a><\/h3>\n<p>What are decision-makers and how to find decision-makers in a company?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/deferred-revenue\/\" target=\"_blank\" rel=\"noopener noreferrer\">Deferred Revenue<\/a><\/h3>\n<p>What is deferred revenue and why is deferred revenue important?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/disability-leave\/\" target=\"_blank\" rel=\"noopener noreferrer\">Disability Leave<\/a><\/h3>\n<p>What is disability leave and what conditions qualify for it?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/dislocated-worker\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dislocated Worker<\/a><\/h3>\n<p>What are the definitions of dislocated workers?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/disposable-earnings\/\" target=\"_blank\" rel=\"noopener noreferrer\">Disposable Earnings<\/a><\/h3>\n<p>What are disposable earnings and what is disposable pay for garnishments?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/dual-labor-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Dual Labor Market<\/a><\/h3>\n<p>What is the Dual Labor Market and what does it look like in today&#8217;s economy?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"e\"><\/span><strong>E<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employee-benefits-administration\/\">Employee Benefits Administration<\/a><\/h3>\n<p>What is employee benefits administration and what is the role of a benefits administrator?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employee-engagement\/\">Employee Engagement<\/a><\/h3>\n<p>What is the definition of employee engagement?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employee-management\/\">Employee Management<\/a><\/h3>\n<p>What is employee management?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employee-orientation\/\">Employee Orientation<\/a><\/h3>\n<p>What is employee orientation?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employee-relations\/\">Employee Relations<\/a><\/h3>\n<p>What is the definition of employee relations?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employee-sourcing\/\">Employee Sourcing<\/a><\/h3>\n<p>What is employee sourcing?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employee-turnover\/\">Employee Turnover<\/a><\/h3>\n<p>What is employee turnover and why does it matter?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/employment-history\/\" target=\"_blank\" rel=\"noopener noreferrer\">Employment History<\/a><\/h3>\n<p>What is your employment history and how do you find your employment history?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"f\"><\/span><strong>F<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/federal-unemployment-tax-act\/\" target=\"_blank\" rel=\"noopener noreferrer\">Federal Unemployment Tax Act (FUTA)<\/a><\/h3>\n<p>What is FUTA payroll tax and who must pay FUTA tax?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/fixed-costs\/\">Fixed Costs<\/a><\/h3>\n<p>What are fixed costs and how do you calculate fixed costs?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/food-cost-percentage\/\">Food Cost Percentage<\/a><\/h3>\n<p>What is food cost percentage and how do you calculate food cost percentage?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/form-940\/\" target=\"_blank\" rel=\"noopener noreferrer\">Form 940<\/a><\/h3>\n<p>What is form 940 and who needs to file form 940?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/form-1042-s\/\" target=\"_blank\" rel=\"noopener noreferrer\">Form 1042-S<\/a><\/h3>\n<p>What is IRS form 1042-s and who must file 1042-s?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/form-1096\/\" target=\"_blank\" rel=\"noopener noreferrer\">Form 1096<\/a><\/h3>\n<p>What is form 1096 and what does a form 1096 look like?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/form-1099\/\" target=\"_blank\" rel=\"noopener noreferrer\">Form 1099<\/a><\/h3>\n<p>What is form 1099 and who gets a form 1099?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"g\"><\/span><strong>G<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/goal-card\/\" target=\"_blank\" rel=\"noopener noreferrer\">Goal Card<\/a><\/h3>\n<p>What is a goal card and why is a goal card important for businesses?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/gross-misconduct\/\">Gross Misconduct<\/a><\/h3>\n<p>What is gross misconduct and how do you deal with it?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/gross-wages\/\" target=\"_blank\" rel=\"noopener noreferrer\">Gross Wages<\/a><\/h3>\n<p>What are gross wages and how do you calculate gross wages?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"h\"><\/span><strong>H<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/human-capital-management\/\">Human Capital Management (HCM)<\/a><\/h3>\n<p>What is human capital management (HCM)?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/hrbp\/\" target=\"_blank\" rel=\"noopener noreferrer\">Human Resources Business Partner (HRBP)<\/a><\/h3>\n<p>What is a HR Business Partner and what does a HR Business Partner do?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"i\"><\/span><strong>I<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/indirect-compensation\/\">Indirect Compensation<\/a><\/h3>\n<p>What is indirect compensation?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/informal-communication\/\">Informal Communication<\/a><\/h3>\n<p>What is informal communication in the workplace?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/inventory-turnover-ratio\/\">Inventory Turnover Ratio<\/a><\/h3>\n<p>What is the inventory turnover ratio and how do you calculate inventory turnover ratio?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"j\"><\/span><strong>J<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/job-classification\/\">Job Classification<\/a><\/h3>\n<p>What is job classification and what is the importance of job classification?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"l\"><\/span><strong>L<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/leave-of-absence\/\" target=\"_blank\" rel=\"noopener noreferrer\">Leave of Absence<\/a><\/h3>\n<p>What is a leave of absence and when are employers required to pay for a leave of absence?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/leave-request\/\" target=\"_blank\" rel=\"noopener noreferrer\">Leave Request<\/a><\/h3>\n<p>What is a leave request and how do you request a leave of absence from work?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"m\"><\/span><strong>M<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/market-penetration\/\">Market Penetration<\/a><\/h3>\n<p>What is market penetration and how do you calculate it?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/market-saturation\/\">Market Saturation<\/a><\/h3>\n<p>What is market saturation and how can you succeed in a saturated market?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/merit-pay\/\">Merit Pay<\/a><\/h3>\n<p>What is merit pay?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/micromanaging\/\" target=\"_blank\" rel=\"noopener noreferrer\">Micromanaging<\/a><\/h3>\n<p>What is micromanaging and what are the advantages &amp; disadvantages of micromanaging employees?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"n\"><\/span><strong>N<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/net-sales\/\">Net Sales<\/a><\/h3>\n<p>What is net sales and how do you calculate net sales?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/notice-period\/\">Notice Period<\/a><\/h3>\n<p>What is a notice period and how long of a notice period should you give?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"p\"><\/span><strong>P<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/paid-time-off\/\" target=\"_blank\" rel=\"noopener noreferrer\">Paid Time Off<\/a><\/h3>\n<p>What is paid time off and what are examples of paid time off?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/par-level\/\">Par Level<\/a><\/h3>\n<p>What is par level and what is the par level formula?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/pay-period\/\" target=\"_blank\" rel=\"noopener noreferrer\">Pay Period<\/a><\/h3>\n<p>What is a pay period and how are pay periods determined?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/performance-improvement\/\">Performance Improvement<\/a><\/h3>\n<p>What is performance improvement and is a performance improvement plan appropriate for your business?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/prestige-pricing\/\">Prestige Pricing<\/a><\/h3>\n<p>What is prestige pricing and what prestige pricing strategies are there?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/pre-tax-deductions\/\">Pre-Tax Deductions<\/a><\/h3>\n<p>What are pre-tax deductions?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/punctual\/\">Punctual<\/a><\/h3>\n<p>What does punctual mean and why is punctuality important for business?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"r\"><\/span><strong>R<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/redundant\/\" target=\"_blank\" rel=\"noopener noreferrer\">Redundant<\/a><\/h3>\n<p>What does redundant mean and what are the common reasons for redundancy?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"s\"><\/span><strong>S<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/salaried-non-exempt\/\">Salaried Non-Exempt<\/a><\/h3>\n<p>What does salaried non-exempt mean?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/salary-basis-test\/\">Salary Basis Test<\/a><\/h3>\n<p>What is the salary basis test?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/sales-turnover\/\" target=\"_blank\" rel=\"noopener noreferrer\">Sales Turnover<\/a><\/h3>\n<p>What is sales turnover and how do you calculate the sales turnover ratio?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/state-unemployment-tax-act\/\">State Unemployment Tax Act (SUTA)<\/a><\/h3>\n<p>What is SUTA tax and how do you calculate SUTA tax?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/statutory-employee\" target=\"_blank\" rel=\"noopener noreferrer\">Statutory Employee<\/a><\/h3>\n<p>What does statutory employee mean and who qualifies as a statutory employee?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/split-shift-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">Split Shift<\/a><\/h3>\n<p>What is a split shift and what are the advantages and disadvantages of split shifts?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/sui-state-unemployment-insurance\/\" target=\"_blank\" rel=\"noopener noreferrer\">SUI (State Unemployment Insurance)<\/a><\/h3>\n<p>What is SUI taxes and who is required to pay SUI taxes?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"t\"><\/span><strong>T<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/time-tracking\/\" target=\"_blank\" rel=\"noopener noreferrer\">Time Tracking<\/a><\/h3>\n<p>What is time tracking?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/time-to-hire\/\" target=\"_blank\" rel=\"noopener noreferrer\">Time to Hire<\/a><\/h3>\n<p>What is time to hire and how do you calculate time to hire?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/time-to-fill\/\" target=\"_blank\" rel=\"noopener noreferrer\">Time to Fill<\/a><\/h3>\n<p>What is time to fill and how do you calculate time to fill?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/turnover-rate\/\">Turnover Rate<\/a><\/h3>\n<p>What is turnover rate and how do you calculate it?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"u\"><\/span>U<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/unique-selling-proposition\/\" target=\"_blank\" rel=\"noopener noreferrer\">Unique Selling Proposition (USP)<\/a><\/h3>\n<p>What is a unique selling proposition (USP) and what are the characteristics of a good USP?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"v\"><\/span><strong>V<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/variable-cost\/\">Variable Cost<\/a><\/h3>\n<p>What is a variable cost and how is variable cost calculated?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"w\"><\/span>W<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/w2-form\/\" target=\"_blank\" rel=\"noopener noreferrer\">W-2 Form<\/a><\/h3>\n<p>What is a W-2 form and how do you get a W-2 form?<\/p>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/workforce-analysis\/\" target=\"_blank\" rel=\"noopener noreferrer\">Workforce Analysis<\/a><\/h3>\n<p>What is workforce analysis and what is the importance of workforce planning?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"y\"><\/span><strong>Y<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><a href=\"https:\/\/www.zoomshift.com\/blog\/year-to-date\/\">Year to Date (YTD)<\/a><\/h3>\n<p>What is year to date and why is it important?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If there are a lot of words and phrases unfamiliar to you in the business world then you&#8217;ve come to the right place. ZoomShift&#8217;s small business glossary will explain some of the meanings of the most commonly used business phrases. A Agile Organization What is an agile organization and how is an agile organization structured? [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":1677,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/template-glossary.php","meta":{"om_disable_all_campaigns":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small Business Glossary - Zoomshift<\/title>\n<meta name=\"description\" content=\"ZoomShift&#039;s small business glossary will explain some of the meanings of the most commonly used business phrases.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zoomshift.com\/blog\/small-business-glossary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small Business Glossary - Zoomshift\" \/>\n<meta property=\"og:description\" content=\"ZoomShift&#039;s small business glossary will explain some of the meanings of the most commonly used business phrases.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zoomshift.com\/blog\/small-business-glossary\/\" \/>\n<meta property=\"og:site_name\" content=\"Zoomshift\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-29T16:06:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zoomshift.com\/blog\/wp-content\/uploads\/2020\/07\/Small-Business-Glossary-Header.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1138\" \/>\n\t<meta property=\"og:image:height\" content=\"493\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zoomshift.com\/blog\/small-business-glossary\/\",\"url\":\"https:\/\/www.zoomshift.com\/blog\/small-business-glossary\/\",\"name\":\"Small Business Glossary - 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