PRESS RELEASE: Standard Chartered conducts workshop on HR Management for MFIs in India

Source: Standard Chartered

Standard Chartered conducted a one and half day workshop on “Managing Human Capital in a High Growth industry”, during Feb 6-7, 2009 at Taj Deccan, Hyderabad. Over thirty Managing Directors, CEOs and HR Heads of the country’s leading Microfinance Institutions (MFIs) and service providers gathered in Hyderabad last week for deliberations on HR strategy and growth. The event, a workshop held by Standard Chartered Bank, is the third in Standard Chartered’s ‘Managing Growth in Microfinance’ series. This workshop brought together the cream of the HR and financial services industry to work with participants in integrating HR with broader issues of business strategy.

“There is a need to transform the HR function in growing organizations”, adds Madhavi Lall, Regional Head of HR at Standard Chartered Bank. “In a sector as vibrant and as fast growing as microfinance, it is critical for HR to link in with other aspects of organizational strategy. A failure to do so could be a huge risk to growth”.

The workshop brought together senior management from Tier 1 and Tier 2 MFIs, sector specialists and the HR Heads of MFIs for a one and a half day set of sessions at the Taj Deccan, Hyderabad. Workshop content spanned the full range of issues ranging from Recruitment and Training, Retention and Reward to Brand strategy as a magnet for human capital.

Faculty included: Dr. T.V. Rao, the Chairman of T.V. Rao Learning Systems, Ms. Madhavi Lall, Regional Head of HR at Standard Chartered Bank, Mr. Ashwani Singla, CEO of Genesis Burson Marsteller, Mr.Edward Rogers, Asst. Professor of Strategic Management and Entrepreneurship at the Indian School of Business, Hyderabad and Mr. Manoj K Sharma, Deputy Director of Microsave India.

‘Managing Growth in Microfinance’ is Standard Chartered’s flagship training series for the microfinance sector. The first workshop training focused on ‘The Role of Corporate Governance in Managing Growth’. Held in November 2007 at Mumbai, it aimed to build a muti-stakeholder perspective of governance in the microfinance sector. As a follow up to this the Bank also co hosted, ‘Investment Readiness for MFIs’ in April 2008 in New Delhi, India and in Novermber 2008 in Lagos, Nigeria.

‘Managing Human Capital in a High Growth Industry’ emerged from the bank’s own stakeholder discussions with key experts both within and outside the microfinance sector. Managing human capital through the growth process was articulated as a key challenge, and an increasingly complex risk. With this objective in mind this workshop was organized to meet the needs of the sector.

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