Policy

We will pay you a bonus of $500, if we hire a candidate you refer for employmenyt once that person works as a regular full time employee for 90 days. This bonus is contigent upon both the employee and their referral continuing employment through the period of 180 days.

We do not pay referral bonuses for part time or temporary employees you refer, nor do we pay a referral bonus if we are obliged to pay a search firm fee. A manager is not eligible for a referral bonus for anyone hired into his or her own group.

You should obtain permission from the concerned individual before making a referral, and may share with them any public knowledge of the firm. However, employees may not share confidential information or make commitments or promises of employment to any invidiual. When seeking candidates to refer to, do not solicit persons employed directly or indirectly by clients, sub-contractors or vendors.

Thoughts

The most effective means of attracting new, qualified recruits is by Word-of-mouth, or employee referral. Candidates who learn about a company through an existing employee tend to be better and will stay with the company longer it is also one of the most efficient way because the candidate will have been briefed about the company by the existing employee.  

The employee knows a great deal about the person (usually a friend) he is referring. The employee can vouch for the person’s character, often a difficult evaluation to make during a short interview. 

People enjoy working with their friends. Teams are more productive when they work together and their members become friends outside the office. 

Also, word-of-mouth tends to be more unbiased and leaves a more lasting impression than, say, advertising which is perceived as biased. 

In any company, when a valuable employee departs, the company loses money for every day that position is not filled. The number differs per industry and per job, but whatever that number is, it will far outweigh any cost associated with having a referral program. Because of a better quality of recruit, the hiring cycle will be shorter. 

People are the most significant factor in any company’s success, so having a current employees constantly on the lookout for talented people can be a powerful tool. It’s harnessing current talent to attract future talent. It gets everyone in the company thinking like a recruiter, always looking for talent. 

As a company we pay referral bonus the actual amount depends on the experience and the area of expertise/technology.

For more details contact HR Department:

(630)-725-1400
Email: info@ussoftco.com