Cato Fashion Referral Bonus: A Detailed Overview

Cato Fashion values the power of personal networks and recognizes the role of employee referrals in building a strong and talented team. The referral bonus program is a way to incentivize employees to refer qualified candidates, especially for critical roles such as those in tech and product development. Below is a detailed overview of the referral bonus program, focusing on tech/product roles and general guidelines for other positions.

Tech/Product Roles

For tech and product roles, Cato Fashion offers a structured referral bonus program due to the high demand and specialized skills required in these areas. The following details outline the bonus structure:

• Position Levels: The referral bonus varies depending on the level of the position being filled:

  • Entry-Level (e.g., Junior Developer, Associate Product Manager): $2,000
  • Mid-Level (e.g., Software Engineer, Product Manager): $3,500
  • Senior-Level (e.g., Senior Developer, Senior Product Manager): $5,000
  • Lead/Director-Level (e.g., Tech Lead, Director of Product): $7,500

• Payment Timeline: Bonuses are typically paid out in two installments:

  • 50% of the bonus is paid after the referred candidate has completed 90 days of employment.
  • The remaining 50% is paid after the candidate completes 6 months.

• Eligibility: Employees who refer candidates for tech/product roles must be in good standing and not part of the hiring decision process for the referred position.

Other Roles

While tech and product roles have a higher referral bonus due to their specialized nature, other positions within Cato Fashion also offer referral bonuses:

• Standard Roles: These include roles in marketing, sales, customer service, and administration.
  • Entry and Mid-Level Positions: $1,000
  • Senior and Managerial Positions: $2