Forums
Employee Referral Programs
Benefits & Compensation
Employee Referral Programs
Exchange ideas about health plans, retirement, work/life benefits, and employee assistance.
I am benchmarking other companies to find out what they are doing for employee referrals. I am in the telecommunications industry, where we have manufacturing and professional positions. Any info you
0
Cat:Topic ForumsForum:ForumId52
Cat:Topic ForumsForum:ForumId52Discussion:DiscussionId15280
Forums » Topic Forums » Benefits & Compensation » Employee Referral Programs
|
Employee Referral Programs
posted at 7/25/1999 11:18 PM EDT
|
Posts: 4
First: 7/16/1999 Last: 7/27/1999 |
I am benchmarking other companies to find out what they are doing for employee referrals. I am in the telecommunications industry, where we have manufacturing and professional positions. Any info you can offer is appreciated! |
|
|
Employee Referral Programs
posted at 7/27/1999 4:24 AM EDT
|
|
Posts: 1
First: 7/27/1999 Last: 7/27/1999 |
We offer $500 to employees who make successful referrals after the referred person has been employed for 6 months. The referring employee cannot be part of the selection process. This is our greatest source of leads. The employee must present the candidate's resume along with a referral tracking form in order for it to count. |
|
|
Employee Referral Programs
posted at 7/27/1999 9:06 PM EDT
|
|
Posts: 67
First: 7/20/1999 Last: 6/30/2000 |
We do something similar - $500 upon first day of employment (to employee who referred candidate) and $500 at the one year anniversary of the "new" employee. One caveat - BOTH employees must still be with the company on pay-out dates.
Referrals taken from employees are treated to the interview/screening process just like all others, of course. We are a small company, software, exempt positions. I think you can probably set whatever you think will motivate your employees and be within budget constraints. I do think it's important to put the terms of the referral/payment criteria in writing to all. Also, money paid is subject to applicable taxes. Hope this helps. |
Forums » Topic Forums » Benefits & Compensation » Employee Referral Programs
