ISJ Theoretical & Applied Science 06(134) 2024

Philadelphia, USA

Indarti, S., Wasnury, R., & Marpaung, R.J.M.

Empowering HR: how micro and small enterprise financing transforms siak district’s wetland areas.

Full Article: PDF

Scientific Object Identifier: http://s-o-i.org/1.1/TAS-06-134-24

DOI: https://dx.doi.org/10.15863/TAS.2024.06.134.24

Language: English

Citation: Indarti, S., Wasnury, R., & Marpaung, R.J.M. (2024). Empowering HR: how micro and small enterprise financing transforms siak district’s wetland areas. ISJ Theoretical & Applied Science, 06 (134), 250-260. Soi: http://s-o-i.org/1.1/TAS-06-134-24 Doi: https://dx.doi.org/10.15863/TAS.2024.06.134.24

Pages: 250-260

Published: 30.06.2024

Abstract: The research aims to assess the human resource development of Micro and Small Enterprises (MSEs) in the wetland area of Siak Regency. The study uses a qualitative method with 50 samples spread across four sub-districts. The results reveal a relatively good level of education, but many MSE workers lack work experience. There are weaknesses in product development, innovation, market understanding, and information technology use. The lack of optimal training and monitoring of HR development complicates the situation. MSEs consider financing crucial for business development but face obstacles in access and high interest rates. There is a lack of special financial products for HR development and minimal role of financial institutions in providing information and consultation. To address these issues, eight HR development strategies are proposed, including partnerships with educational institutions, regional governments, and Village-Owned Enterprises (BUMDes), special financing programs, regional superior local products, diversification, product innovation, and CSR partnerships.

Key words: Perception; Financing; MSEs; HR; Wetland; Siak.