Cavco Industries Referral Bonus Overview

Cavco Industries values employee referrals as a critical part of its talent acquisition strategy, especially for tech and product roles. The referral bonus program is designed to incentivize employees to recommend qualified candidates from their networks. Here's a detailed look at the typical structure of Cavco Industries' referral bonus program, particularly for tech and product positions, along with estimates.

Referral Bonus Structure

Tech/Product Roles

• Software Engineers/Developers: Typically, the referral bonus for these roles is around $3,000.
• Product Managers: Employees referring candidates for these positions can expect a bonus of approximately $2,500.
• Data Analysts/Scientists: The bonus for successful referrals in these roles usually amounts to $2,000.

Other Roles

• Operations and Support: For roles outside the tech and product domains, such as operations and support, the referral bonus is generally lower, averaging around $1,500.
• Entry-Level Positions: Bonuses for entry-level positions across all departments are typically around $1,000.

Bonus Disbursement Process

1. Eligibility: All full-time employees are eligible to participate in the referral program, except those involved in the hiring process for the referred role.
2. Submission: Employees must submit referrals through the company's internal referral portal, ensuring all candidate information is accurate and up-to-date.
3. Bonus Payment: The referral bonus is usually paid out in two installments:
   • First Installment: 50% of the bonus is disbursed once the referred candidate completes 90 days of employment.
   • Second Installment: The remaining 50% is paid after the candidate reaches their 6-month anniversary with the company.

Additional Notes

• High-Demand Roles: Occasionally, Cavco Industries may offer increased bonuses for hard-to-fill or high