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Off-boarding
Off-boarding is the process that leads to the formal separation between an employee and a company.
Offboarding is the process that leads to the formal separation between an employee and a company through resignation, termination, or retirement. It encompasses all the decisions and processes that take place when an employee leaves, and ensures that the employment relationship is closed properly. Often, exit interviews are part of the offboarding process.
Related Glossaries
PTO
PTO is a benefit that allows employees to take time away from work while still receiving their regular pay.
EOR
EOR stands for Employer of Record.
In-kind benefits
A benefit-in-kind (BIK) is any non-cash benefit of monetary value.
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