Indian Journal of Industrial Relations: Economics & Social Dev.

Jatinder Kumar Jha ¹, Sunil Maheshwari ¹

Affiliations
1 Personnel & Industrial Relations Area, Indian Institute of Management, Ahmedabad 380015, IN

Abstract

This study explored the impact of social networks on compensation level of managers as well CEOs. Our arguments are based on Vroom expectancy theory and Adam's equity theory. Social network with key personalities (political leaders, actors, cricketers etc.) adds to the prestige and power of the CEOs. Based on segmented labor market (SLM) theory, authors argue that wage differentials across the industries exist due to labor immobility. The paper explored factors contributing to labor immobility which include institutional factors (managerial rule, government and laws, etc.), union membership, and skill level. Inflow of migrant labor influences the wage rate across the industries.

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Jatinder Kumar Jha ¹, Manjari Singh ¹

Affiliations
1 Personnel & Industrial Relations Area, Indian Institute of Management, Ahmedabad, IN

Abstract

This paper examines the HR issues faced by microfinance 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.

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