1. Retail Onboarding User Guide
  2. Party Management
  3. Retail Onboarding
  4. Onboarding Initiation
  5. Onboarding Initiation - Employment

1.1.1.4 Onboarding Initiation - Employment

The employment section furnishes comprehensive details regarding the party's employment status, encompassing both salaried positions and self-employment endeavors.

The Employment data segment captures employment details of a retail party. A retail party can be employed as salaried or self-employed profession.

Note:

The fields marked as Required are mandatory.

Table 1-25 Data Segment - Description

Sl.No Data Segment Name Mandatory / Optional / Conditional Description
1 Salaried Optional A salaried employee is a person who works for an organization and receives a fixed and regular compensation for the services provided to the organization.
2 Self-Employed/Professional Optional A self-employed person does not work for a specific organization and works for oneself as a freelance or the owner of a business rather than for an employer.

  1. Click Next in the Basic info screen to add the employment details.
    The Employment screen displays.

    Figure 1-23 Initiation - Employment


    Description of Figure 1-23 follows
    Description of "Figure 1-23 Initiation - Employment"

  2. Click + button to add the employment details.
    The Employment screen is displayed.

    Figure 1-24 Employment – Salaried


    Description of Figure 1-24 follows
    Description of "Figure 1-24 Employment – Salaried"

    Figure 1-25 Employment – Self-Employed/Professional


    Description of Figure 1-25 follows
    Description of "Figure 1-25 Employment – Self-Employed/Professional"

  3. On the Employment screen, specify the fields.
    For more information on fields, refer to the field description table.

    Table 1-26 Employment - Salaried - Field Description

    Field Description
    Employer Code Select the name of the organization as per employment details of the party from the list of values.

    Note:

    List of values can be configured through organization maintenance in party maintenance. For more information, refer to the Oracle Banking Party Configurations User Guide.
    Employer Name Specify the name of the organization as per employment details of the party.
    Employer Description Specify the description of the organization.
    Organization Category Select the category of the organization from the drop-down list. The available options are:
    • Government
    • NGO
    • Private Limited

    Note:

    List of values can be configured through organization maintenance in party maintenance. For more information, refer to the Oracle Banking Party Configurations User Guide.
    Demographics Select the demographics type of the organization from the drop-down list. The available options are:
    • Global
    • Domestic

    Note:

    The list of values can be configured through Entity Maintenance.
    Employee Type Select the employee type from the drop-down list. The available options are:
    • Full Time
    • Contract
    • Permanent
    • Part Time

    Note:

    The list of values can be configured through Entity Maintenance.
    Employee ID Specify the employee ID of the customer.
    Employment Start Date Click calendar icon and select the employment start date.
    Employment End Date Click calendar icon and select the employment end date.
    Grade Specify the grade of customer in the mentioned organization.
    Designation Specify the customer’s designation in the mentioned organization.
    I currently work in this role If the mentioned designation is customer’s current role, select this check-box.
    Industry type Select the industry type to which the employer belongs to from the drop-down list. The available options are:
    • IT
    • Bank
    • Services
    • Manufacturing
    • Legal
    • Medical
    • Engineering
    • School/College
    • Others

    Note:

    The list of values can be configured through Entity Maintenance.
    Employer Address Specify the customer’s employer address.

    Note:

    Refer to the Oracle Banking Party Configurations User Guide for entity maintenance.

    Table 1-27 Employment - Self-Employed/Professional - Field Description

    Field Description
    Profession Name Select Name of the profession from drop down list. The available options are:
    • Share and Stock Broker/Consultant
    • Politician/Minister
    • Journalist/Anchor/Reporter
    • Engineer/Architect/Technical

    Note:

    The list of values can be configured through Entity Maintenance.
    Profession Description Specify description of the profession.
    Company/Firm Name Specify name of the company or firm.
    Registration Number Specify Registration Number of self-employments.
    Professional Email ID Specify Processional mail ID.
    From Date – To Date Specify start date and end date of self-employment.

    Note:

    Refer to the Oracle Banking Party Configurations User Guide for entity maintenance.
  4. Click Submit.
    The employment details are added and listed in the Employment screen.

    Note:

    You can also select the required item from the list and click Edit/Delete to modify/delete the added asset details.
  5. Click Next to move to the Financial Information.

Parent topic: Onboarding Initiation