Human Resources Glossary - O

Occupational Health

Keeping individuals safe at work can be broadly interpreted as occupational health. It primarily focuses on preventing and treating illnesses or injuries that may arise at work. But in recent years the emphasis has switched to focusing on overall well-being including physical and mental health rather than just physical ailments and the workplace's role.

Occupational Stress

Occupational stress is a word frequently used in the professional business sector to describe the ongoing or escalating stress that an employee goes through due to their duties conditions surroundings or other pressures at work. Occupational stress can take many forms depending on the individual worker job role corporate culture and other factors.

Offboarding

Offboarding formally severs a worker from the company employed due to their resignation dismissal or retirement. Offboarding is meant to ease the transfer while safeguarding the interests of the departing employee's employer. There are numerous steps in a thorough offboarding procedure. However to ensure that there are no loose ends after the employee departs it contains all the rules and guidelines that must be followed.

On-target Earnings

OTE or on-target or on-track earnings is the acronym. This is an annual wage cap when sales and commission are included in workers' remuneration. If workers don't reach their sales quota they might not get their full OTE. Bonus plans and other types of compensation such as relocation perks are not included in this figure.

On-the-Job Training

New hires receive practical training for their roles while working or on-the-job training. It's a practical training strategy that focuses on doing things yourself in an actual or simulated training setting usually with the help of a mentor or supervisor.

Onboarding

Onboarding is used in human resources to describe integrating a recruit into a company. Onboarding sometimes called organizational socialization is a crucial step in assisting staff in comprehending their new roles and responsibilities. In addition their smooth integration with the rest of the business is made possible by the process. 

The onboarding process involves various steps from the job offer to team training. The length of onboarding might range from a few weeks to a year although the best onboarding often lasts for at least a few months. When the onboarding process is finished employees should feel competent and confident.

Operating Budget

A company's expected future revenue and expenses are projected in great detail in an operating budget. Then near the year's conclusion businesses typically create an operating budget to show everyday activity the following year.

Operations Manager

An operations manager is a specialist who ensures that everything goes without a hitch daily. They address customers' demands for cost-effectiveness while maximizing processes and procedures.

Org Chart

A graphic that shows the individuals in a corporation inside a hierarchical framework is called an organization chart (sometimes referred to as an org chart or organizational chart). Executive leaders managers and their subordinates are included. In essence it gives you a snapshot of your entire business. An organizational chart shows your company's structure in a simple layout. It can offer direction for who is in charge who answers to whom and how various teams and functions are set up within your company.

Organizational Citizenship Behavior

Organizational Citizenship Behaviour (OCB) is the term used to describe employee actions that affect the business. People who exhibit these behaviors frequently stand out in the workplace for their constant eagerness to offer assistance. Dennis Organ described OCB as "an individual behavior which is not rewarded by a formal reward system" in 1988. but that produces effectiveness when joined with the same behavior in a group.

Organizational Culture

Company culture sometimes called organizational culture refers to the values norms and ways of doing things that influence how people behave at work. Organizational culture can be defined as the general mindset and "style of being" at work. For instance a company that prioritizes feedback can have a feedback-focused culture that fosters an environment where everyone can develop.

Organizational Development

Organizational development (OD) is a scientifically grounded concept of change in organizations that places the needs of its constituents first. It is finished by coordinating organizational structure corporate culture and workplace reality to address each business's needs and potential for success.

Organizational Values

A company's guiding principles are referred to as its organizational values. They serve as guiding ideals that provide an organization with a goal and a course of action and establish the tone for its interactions with its stakeholders including its clients staff and other stakeholders. Your organization's ideals ought to be genuine and specific to your business. They should make it obvious what you expect of your employees and serve as a guide for making decisions.

OSHA Form 300

A record of work-related illnesses and injuries including their severity the employee who was harmed the time the incident took place and other information that helps classify the case is kept on the Occupational Safety and Health Administration (OSHA) Form 300.

The second page of the OSHA Form 300 titled "Summary of Work-Related Injuries and Illnesses" or 300A must be shown every year from February 1 to April 30. (following the year covered by the form). Employees will be offered a list of all illnesses and injuries that have happened as a result of work. 

The third page of the OSHA Form 300 titled "Injury and Sickness Incident Report" is the individual report that must be completed within seven days of a reported work-related injury or illness.

OSHA Form 301

Employers must report any accident illness or death at work using Form 301 "Injury and Illness Incident Report" from the Occupational Safety and Health Administration (OSHA). This form is a part of OSHA Form 300 which is used to record and categorize all incidences of this nature at a workplace. Therefore every event noted on OSHA Form 300 must also have a more thorough report on OSHA Form 301.

Outplacement

Employees leaving a firm are sometimes offered outplacement services through one-on-one sessions group coaching or several sessions over time. In this scenario a company typically chooses what will be made available.

Overtime

Extra compensation for hours worked over the typical 40-hour workweek is called overtime (i.e. seven consecutive 24-hour periods). As of a final decision made by the US in September 2019 According to the Department of Labor nonexempt workers who make less than $35568 annually are entitled to overtime pay.

Instead of counting the total number of hours worked throughout a workweek several jurisdictions mandate that overtime be paid whenever employees work more than 8 hours in a single 24-hour period. The required overtime compensation rate is the same regardless of how it is calculated: It must be at least time and a half or an additional 50% of the employee's regular daily or hourly rate. The employee receives payment for all overtime hours worked during a certain workweek on their normal payday for that pay period.