( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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HUMAN RESOURCE PRACTICES OF NON-BANKING FINANCIAL COMPANIES AND THEIR EFFECT ON JOB SATISFACTION WITH SPECIAL REFERENCE TO TAMIL NADU

    1 Author(s):  JITHIN KUMAR V

Vol -  10, Issue- 3 ,         Page(s) : 77 - 84  (2019 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Non-Banking Financial Companies are playing an important role in promoting inclusive growth in the country, because of the significant roles they play in nation building and financial inclusion. The role of NBFCs is mainly focuses on business related to loans especially Gold loan and advances, stock, bonds, debentures nature, leasing, hire-purchase, insurance business, chit business. Respectively, they always consider their employees as the backbone of their organization and are aimed at providing employee satisfaction. However, developing an understanding of employees is a tough task for the Human Resource Department subjecting most of the NBFCs re facing higher rate attrition. Hence, this study has been undertaken among 450 respondents to identify and understand the human resource policies and practices followed by the NBFC’s and also find out the significant relationships between their various human resource practices and job satisfaction. Using stratified random sampling method, questionnaires were administered to collect data from 450 employees of leading Gold Loan NBFC’s in Tamilnadu State for this descriptive study. Research hypotheses were formulated and tested using correlation analyses. The results reveal that performance appraisal, extrinsic and intrinsic motivation, talent acquisition and selection, employee engagement, human resource development are positively related to job satisfaction.

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