Hi friends,

Hope it will be worth.

HR IN NEW AVATAR

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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.

From India, Mumbai
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Hi, Welcome to the forum, post Your profile in NEW TO THE FORUM section and let everybody know you.... Dips
From India, Delhi
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Hey... thats only "A" where are Bs and Cs and .... and .... and Zs???? waiting for the loooooong new avatar....lolz Regards, Manish Modani

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