BMG: The New Music Company - Referral Bonus Program

At BMG, we recognize that great talent knows great talent. Our referral bonus program is designed to incentivize our employees to refer top-notch candidates, especially for tech and product roles, although bonuses for other positions are available. Below is a detailed breakdown of our referral bonus program:

Referral Bonus Overview

• Eligibility: All full-time BMG employees are eligible to participate in the referral bonus program. Contract employees and interns are not eligible.
• Referral Process: Employees must submit referrals through the company's internal referral portal. Ensure the candidate mentions your name during their application process.
• Bonus Payout: The referral bonus is paid out once the referred candidate completes 90 days of employment with BMG.

Bonus Structure

Tech/Product Roles

• Software Engineer:

  • Bonus: $5,000
  • Estimate: Based on an annual hiring target of 20 software engineers, a successful referral for each position could result in a $100,000 total payout in bonuses for this role.

• Product Manager:

  • Bonus: $4,000
  • Estimate: With a target of hiring 10 product managers annually, the potential total bonus payout would be $40,000.

• Data Scientist:

  • Bonus: $4,500
  • Estimate: Assuming 5 hires per year, the total potential payout is $22,500.

Other Roles

• Marketing Specialist:

  • Bonus: $3,000
  • Estimate: For a target of 8 hires, the total potential payout is $24,000.

• HR Manager:

  • Bonus: $3,500
  • Estimate: With 3 hires annually, the total potential bonus payout is $10,500.