Hi friends, Hope it will be worth. HR managers as business partners, adding value and delivering results. Strategic HR. The HR Outsourcing Dilemma: an opportunity or a threat? Building brand through people. Abandonment of Position - It means to quit a job without formally resigning. Abrogation of Agreement - It is the formal cancellation of a collective bargaining contract or any part of such agreement. Accelerating Premium Pay - It is a sort of bonus incentive system in which pay rates increase when actual production exceeds the set standards. Acceptable Level of Unemployment - It means that the individual to whom it is acceptable still has a job. Accession - The term indicates any addition to the workforce of a concern. Accession Rate - The jargon, also known as hiring rate, means the number of employees that are added to a payroll during a given time period. It is ordinarily expressed as a percentage of total employment. The accession rate is an important indicator of economic growth. An increase in the accession rate indicates economic recovery, whereas a decrease in such rate indicates an economic recession. Accession rates can be calculated using the following formula: Total accessions * 100 Accession rate = ----------------------------- Total number of workers Accidental Death Benefit - This is a type of clause contained in certain life insurance policies, which provides for payment of additional amounts to the beneficiary if the insured party dies as a result of an accident. There is also a type of provision that allows an accident death benefit in which twice the normal value of the policy is payable, and this provision is known as the "double-indemnity" provision. Accident and Sickness Benefits - These are various types of regular payments made to employees who lose time from work owing to off-the-job disabilities that are occasioned by accident or sickness. Accident Severity Rate - This rate is calculated as the number of workdays lost because of accidents per thousand hours worked.
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