Institute of Rural Credit and Entrepreneurship Development (IRCED)

HR Policy

Recruitment and Retention Strategy
IRCED will recruit staff for all the levels as per well defined and documented HR policy for transparency and greater efficiency.
	External youth for field / branch level positions and provision of staying facility at the branch.
	Local and external talent pool for middle and senior positions
	Recruitment through well defined competitive process
	Competitive remuneration package
	Incentives based salary system
	Promotions to high performing staff
	Incentives and disincentives
	Non- financial benefits to staff
	Performance assessment once in 6 months, Professional learning and Review ( PLR ) or 360 degree performance appraisal system Capacity Building Strategy

IRCED will provide excellent learning opportunities for the staff of all the levels.
	Induction Program for newly recruited staff
	On the job training for three months
	Subject –wise internal and external training programs
	Exposures visits to national and international organizations
	Capacity Building Need Assessment (CBNA ) during PLR Process and other meetings.