What does OWP mean in CHAT
OWP stands for Ordinary Waiting Period. It is the period of time that must pass between the date an employee becomes eligible for coverage and the date coverage begins. During this time, no benefits are paid or provided to the employee.
OWP meaning in Chat in Internet
OWP mostly used in an acronym Chat in Category Internet that means Ordinary Waiting Period
Shorthand: OWP,
Full Form: Ordinary Waiting Period
For more information of "Ordinary Waiting Period", see the section below.
Essential Questions and Answers on Ordinary Waiting Period in "INTERNET»CHAT"
Final Words:
Regardless of how quickly a new employee can gain access to company benefits, they will still likely face an Ordinary Waiting Period (OWP). This is a designated period of time when no benefits are provided or paid out by the employer - but understanding this process can help you better prepare yourself as you begin employment with a new company.