Alerus Financial Referral Bonus Program: Tech/Product Roles

Alerus Financial offers a structured referral bonus program designed to attract top talent through employee networks. While the specifics of referral bonuses can vary, here's an overview based on typical structures and estimates for tech and product roles, as well as other positions.

Tech/Product Roles

Alerus Financial places a high value on filling tech and product roles due to their critical impact on business operations and innovation. Thus, the referral bonuses for these roles are often more substantial.

Estimated Referral Bonus for Tech/Product Roles:

• Software Developers/Engineers: $3,000 - $5,000
• Product Managers: $3,000 - $4,500
• Data Analysts/Scientists: $2,500 - $4,000
• UX/UI Designers: $2,500 - $4,000
• IT Specialists: $2,000 - $3,500

Payment Structure:

1. Initial Payment: 50% of the bonus is paid after the referred candidate completes 90 days of employment.
2. Final Payment: The remaining 50% is paid after the referred candidate completes six months of employment.

Other Roles

For positions outside of tech and product roles, referral bonuses are still competitive, reflecting the company’s commitment to attracting qualified candidates.

Estimated Referral Bonus for Other Roles:

• Financial Analysts: $1,500 - $2,500
• Human Resources: $1,000 - $2,000
• Customer Service: $500 - $1,500
• Marketing Specialists: $1,500 - $2,500

Payment Structure:

• Similar to tech/product roles, with initial and final payments structured around employment milestones.

Program Guidelines

• Eligibility: All current employees are eligible to participate, except those involved in the hiring decision for the