Agency Personnel


Personnel planning deals with the management of human resources, thereby enabling the agency to implement the business strategies necessary to achieve the strategic plan.Personnel planning is critical as it is the single largest area of expense in most agencies.

1. The stage of an agency's growth will greatly influence:

  1. The number of people to be hired,
  2. The utilization of personnel,
  3. How they are compensated, and
  4. How they are developed.

• Personnel planning must be tied into the overall business plan of the agency.

Acceleration Clause - The part of a contract that says when a loan may be declared due and payable.

Accidental Death Benefit - In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits.

Acknowledgment: the act of going before a qualified officer (e.g., Clerk) and declaring the validity of the document. The officer certifies same, whose certification is known as the acknowledgment

Acquit: the act of freeing a person from the charge of an offense by means of a decision, verdict or other legal process; to discharge