Analyzing Employee Turnover Issues in Microfinance Sector: A Study in India
Journal Title: IMPACT : International Journal of Research in Humanities, Arts and Literature ( IMPACT : IJRHAL ) - Year 2018, Vol 6, Issue 9
Abstract
Over the last decades, the microfinance sector has achieved worthy progress in India. So to be successful in competitive market organizations need to entice, train and engage individuals, who can manage the business operation, i.e. responsive to customers & opportunities in the market. This paper finds to study the current employee retention in the microfinance industry in India and to understand the problems of employee turnover faced by the industry. The importance of HRM has changed a lot in the past years due to the competitive environment and theneed for new business requirements, the scope of HR activities has increased. The role of MFI is to give financial support through different services to lowincome clients and thus businesses have to give importance to HR practices for retaining the employee in order to serve the needs of clients. This emphasizes the importance of personnel management. In this paper issues related to employee turnover faced by MFI are studied closely & gaps are identified from the observed data. It is found out that MFI needs to focus more on training assessment, better compensation structure & women-friendly policies for implementing in the Workforce.
Authors and Affiliations
Er. Biswa Prakash Jena, Er. Pradeep Kumar Sahoo, Sudarsan Sahoo, Lopamudra Behera, Sureswar Dash
Keywords
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- EP ID EP404926
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