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 1-26 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 1-24 Initiation - Employment

   
   

   
   Description of "Figure 1-24 Initiation - Employment"

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

   Figure 1-25 Employment – Salaried

   
   

   
   Description of "Figure 1-25 Employment – Salaried"

   
   

   Figure 1-26 Employment – Self-Employed/Professional

   
   

   
   Description of "Figure 1-26 Employment – Self-Employed/Professional"

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

   Table 1-27 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.

   Note:

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

   Table 1-28 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.