Unitus, an international nonprofit, has partnered with human resources consulting firm Hewitt to launch the second annual ‘Microfinance Compensation & Benefits Survey’ in India. The study will evaluate microfinance institutions (MFIs) across India on key measures of compensation and benefits, including the benchmarking of 25 key positions across eight organizational levels. It will study 10 popular non-cash benefits, including loans, insurance, incentives/bonus, leave, travel policy, employee stock ownership plans (ESOPs) and rewards and recognition.
The survey is part of Unitus’s MFI Industry Compensation & Benefits Forum, which focuses on remuneration in the microfinance industry. The results of this survey are intended to initiate workshops, additional studies and discussion.
By: Stefanie Rubin, Research Assistant
About Unitus:
Unitus is an international nonprofit organization with the purpose of alleviating poverty through microfinance. According to its website, its “model focuses on seeking out and partnering with young, high-potential microfinance institutions…helping them build capacity, attract capital, and unite with our network to achieve rapid, sustainable growth.”
Additional Resources:
Source Article: Unitus Press Release: Unitus and Hewitt Team up for Compensation & Benefits Survey: http://unitus.com/unitus-in-action/nitus-hewitt-microfinance-compensation-benefits-survey
Hewitt Associates: http://www.hewittasia.com/
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