Poverty and Human Resource Research Paper

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HUMAN RESOURCE Human ResourceHistoryThe people’s socioeconomic status could be increased if only poverty is alleviated. The alleviation contributes to better affordability of necessities of life, such as education, medical services, housing, hygienic environmental conditions, and employment opportunities, leading to improved quality of life. Due to poverty, there are adverse physical and psychological health effects on families, including children, women, and older adults (Leonard, Hughes & Pruitt, 2017). Companies have been struggling to find ways, as an endeavor for their corporate social responsibility (CSR) and better salary and compensations for their employed individuals, to support the communities in alleviating poverty, using diverse coping strategies.Prevalence of the IssueThe global prevalence of poverty is 698 million living in poor conditions, almost 9% of the worldwide population (Suckling, Christensen & Walton, 2021). However, the conditions have worsened due to the advent of Covid 19. People living less than the poverty line, a base wage limit set for the people, is below $1.90 per day. The GDP growth of certain countries has been negatively affected, has caused the reduction of basic facilities for their people, even worsening their household conditions.

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Contributing Factors for the IssueThere are certain reasons or contributing factors for poverty, such as:· Inequality…

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…the value of being needed and contacts with big companies in the form of job contracts and earning prospects. It brought them better hiring chances in several social gatherings (Li, 2020).Impact of Issue on Individual, Family, and SocietyThe impact of poverty as an issue would be on individuals, on families as well the society; as mentioned earlier, physical and psychological effects would be equal for all, malnutrition would strike everyone in its most adverse form, poor living conditions, child labor, diseases, possible violence at home, discrimination within the society, conducive stress for children resulting in their anti-social behavior and aggression, etc.….....

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