Human Resource (HR) & Social Challenges Faced by Microfinance in India: A Framework
Published: 2015
Author(s) Name: Jatinder Kumar Jha & Manjari Singh |
Author(s) Affiliation: Personnel & Industrial Relations Area, Indian Institute of Management, Ahmedabad, Gujarat, India
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Abstract
This paper examines the HR issues faced by micro-finance institutions (MFIs), small & medium scale enterprises (SMEs), and the informal sector in India. Social challenges of poverty alleviation (repayment risk, lack of business skills training, village infrastructure etc.) and women empowerment (lack of household investment decisions, outreach, social exclusion of widows or minor community women, multiple borrowings for non-investment purposes) etc have been discussed in the paper. Some HR issues faced by MFIs are high labor turnover, low participation of women in employment, over burden of work, informal hiring (employee referrals) low compensation, lack of training and development facilities.
Keywords: N.A.
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