Download When to Run the RetroPay Process

North American Industrial Classification (NAIC) code
The North American Industrial Classification system (NAICs) was developed jointly by
the US, Canada and Mexico to provide comparability in statistics regarding business
activity across North America. The NAIC replaces the US Standard Industrial
Classification (SIC) system, and is used in the Employment Equity Report.
Not in Program Plan
A benefit plan that you define outside of a program.
Objective Assessment Template
The entity that configures the Objectives section of the appraisal.
See also: Competency Assessment Template, page Glossary-10
Objectives Library
A collection of reusable objectives. HR Professionals can either create individual
objectives in the Objectives Library or import them from an external source.
Off-Boarding
Descriptive term covering all HR processes and procedures involved in removing a
worker from your organization, including termination, relocation, and long-term
sickness.
OLM
Oracle Learning Management.
On-Boarding
Descriptive term covering all HR processes and procedures involved in hiring and
integrating a worker in your organization, including recruitment, hiring, and
orientation.
Online Analytical Processing (OLAP)
Analysis of data that reveals business trends and statistics that are not immediately
visible in operational data.
Online Transactional Processing (OLTP)
The storage of data from day-to-day business transactions into the database that
contains operational data.
Open Enrollment
A type of scheduled enrollment in which participants can enroll in or alter elections in
one or more benefits plans.
Glossary-27