what should i keep type in password in mongoose schema code example

Example: Schema Password Hashing COde

UserSchema.pre('save', function(next) {
    var user = this;

    // only hash the password if it has been modified (or is new)
    if (!user.isModified('password')) return next();

    // generate a salt
    bcrypt.genSalt(SALT_WORK_FACTOR, function(err, salt) {
        if (err) return next(err);

        // hash the password along with our new salt
        bcrypt.hash(user.password, salt, function(err, hash) {
            if (err) return next(err);

            // override the cleartext password with the hashed one
            user.password = hash;
            next();
        });
    });
});