PEO GLOSSARY

Human resources definitions that any human can understand

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OASDI -  Old-age, survivors and disability income
Onboarding -  Onboarding or New Hire Process is a mechanism (or process) used to assist in the adjustment period of a newly hired employee of an organization. The steps may vary from organization to organization but the main elements include the socialization and adaptation of an individual to a new organization as well as the transfer of important knowledge, skills and behaviors deemed essential to the success of the new hire as well as the organization. The process typically includes offer lettter/job acceptance, new hire forms/documentation, company benefit overview and enrollment, company or department orientation, training and ongoing development and introductory period as well as fixed period evaluations, coaching and mentoring.
OOP -  Out of Pocket costs: Your expenses for medical care that aren't reimbursed by insurance. Out-of-pocket costs include deductibles, coinsurance, and copayments for covered services plus all costs for services that aren't covered.
OSHA -  Occupational Safety and Health Administration
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