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 1-21 Initiation - Employment



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

    Figure 1-22 Employment – Salaried



    Figure 1-23 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 The code of the organization or company where the party is employed.

    Common Core Maintenance: obpy organization configuration

    Employer Name The name of the organization or company where the party is employed.
    Employer Description A brief description or summary of the organization’s business or activities.
    Organization Category The classification or industry sector to which the organization belongs (e.g., Finance, Technology).

    Entity Code: OCT

    Demographics The type or nature of the organization in demographic terms.

    Entity Code: DGY

    Employee Type The nature of employment held by the party (e.g., Full-time, Part-time).

    Entity Code: ETY

    Employee ID The unique identification number assigned to the employee by the organization.
    Employment Start Date The date when the employment was started.
    Employment End Date The date when the employment ended.
    Grade The employee’s grade or rank within the organization (e.g. Manager).
    Designation The official job title or position of the party within the organization (e.g. Manager).
    I currently work in this role A flag to indicate whether this is the party’s primary employment position.

    Entity Code: BTY

    Industry type The industry sector to which the party’s employment belongs (e.g., Technology, Healthcare).

    Entity Code: ITC

    Employer Address The physical address of the organization or company where the party is employed.
    Email The email address associated with the organization or company where the party is employed.
    Phone The phone number for the organization or company where the party is employed.
    Mobile The mobile number for the organization or company where the party is employed.
    Annual Salary (Currency) The currency in which the party’s annual salary is paid (e.g., USD, EUR).

    Common Core Maintenance: cmc currency maintenance

    Annual Salary The total annual salary amount paid to the party.

    Note:

    • The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.
    • For details on Common Core Maintenance, refer to the Common Core User Guide.

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

    Field Description
    Profession Name The name of the profession or occupation if the party is self-employed or works as a professional.

    Entity Code: SLE

    Profession Description A detailed description of the self-employed or professional role or business.
    Company/Firm Name The name of the company or firm if the party operates as a self-employed professional or owns a business.
    Registration Number The official registration number assigned to the professional company or self-employed business.
    Professional Email ID The email address of the party if they are self-employed or a professional.
    From Date Start Date of the of self-employment or professional
    To Date End Date of the of self-employment or professional.

    Note:

    The list of drop-down values is configurable through Entity Maintenance. For details on Entity Code Maintenance and the available values corresponding to each Entity Code, refer to the Oracle Banking Party Configurations User Guide.
  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.