Employee Referral Policy

Dear (Cite Contribution),Thank you for the reply. However, my view is that in the meantime, we should not disclose the salary details of the new employee to anyone. If we are going to share the percentage (8.33%) of the salary as the referral bonus, there is def...

Hi Vineetha,It is not mandatory. It's up to your organization's top management's decision.Regards,Narayan

Hi Narayan,Thank you for your input. I would need further clarification on the first line of the consideration points. Even though candidates are referred, they will have to go through all rounds of the interview. In such a scenario, blocking the referral bonus ...

Dear Vinitha,If you are hiring for identical pay packages, declaring a block payment as a referral bonus would make sense.However, when there is a disparity in pay and you are hiring for various kinds of roles, here's how the 8.33% for an employee works.The amou...

Hi,The Employee Referral Policy recognizes that your employees play an important role in the talent acquisition process. They have a strong understanding of your business, its culture and values, and what it takes to be successful in a high-performance and dynam...

Thank you very much, Mahaveer.The thought of documenting the clarity on the policy is greatly appreciated. This strategy will also contribute to attrition control to some extent.Regards,Vineetha

Hi Friends,I am working as an HR professional for a product-based US software company. Our management is prepared to offer a referral bonus to the referring employee, equal to what we pay to consultants, which is the industry standard of 8.3% of the finalized an...