Carpenter Technology Referral Bonus

Carpenter Technology offers a referral bonus program to incentivize current employees to refer qualified candidates for open positions within the company. This program is designed to attract top talent, particularly in tech and product roles, although it extends to other positions as well. Here’s a detailed overview of the referral bonus structure and estimated amounts:

Referral Bonus Structure

Tech/Product Roles

• Software Engineers, Data Scientists, and Product Managers:

  • Referral Bonus: $3,000
  • Eligibility: The referred candidate must be hired and remain employed for at least 90 days.
  • Payment Schedule: Bonus is typically paid out in the employee’s paycheck following the 90-day employment milestone of the referred hire.

• IT Specialists and Systems Analysts:

  • Referral Bonus: $2,000
  • Eligibility: Similar conditions apply, with the candidate needing to complete a 90-day tenure.
  • Payment Schedule: Bonus paid after the successful completion of the tenure.

Non-Tech Roles

• Manufacturing and Operations Positions:

  • Referral Bonus: $1,500
  • Eligibility: 90-day employment requirement for the referred candidate.
  • Payment Schedule: Paid in the paycheck post the 90-day milestone.

• Administrative and Support Positions:

  • Referral Bonus: $1,000
  • Eligibility: The referred candidate must remain employed for 90 days to qualify.
  • Payment Schedule: Bonus issued after the 90-day employment period.

Additional Details

• Limitations: Employees can refer multiple candidates, but they must not be involved in the hiring decision for the referred candidates.
• Exclusions: Some positions may be excluded from the referral bonus program, and bonuses are subject to applicable taxes.
• Internal Policies: All referrals must comply with Carpenter Technology’s internal referral policies and procedures.

The referral bonus program is a great