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On-boarding
Onboarding refers to the process of integrating new employees into an organization.
Onboarding or organizational socialization is the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors in order to become effective organizational members and insiders. Usually the first few weeks at a new job are considered an on-boarding period, where the new hire is introduced to the team, the organization, and their responsibilities. It is the employer’s responsibility to provide a thorough orientation.
Related Glossaries
Statutory Costs
Statutory costs refer to the expenses that a business is legally required to pay under national or regional laws and regulations.
Off-boarding
Off-boarding is the process that leads to the formal separation between an employee and a company.
ACH
(Automated Clearing House) or ACH transaction, is an electronic bank to bank money transfer.
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