Cincinnati Financial Referral Bonus Overview

Cincinnati Financial offers a referral bonus program as part of its employee recruitment strategy. This program is designed to incentivize current employees to refer qualified candidates for open positions, particularly in tech and product roles, although it also applies to other job categories. Below is a detailed overview of the referral bonus structure, focusing on tech and product roles.

Program Details

Eligibility

• Referrers: All full-time and part-time employees are eligible to participate in the referral program. Contractors and temporary employees are generally not eligible.
• Referees: The candidate being referred must apply for a full-time position and must not already be in the company's applicant tracking system or have applied independently within the past 12 months.

Bonus Structure

Tech/Product Roles

• Standard Referral Bonus: Employees who successfully refer candidates for tech and product roles can earn a referral bonus typically ranging from $3,000 to $5,000.
• High-Demand Skillsets: For roles requiring high-demand skillsets (e.g., data science, cybersecurity, senior engineering positions), the referral bonus may be higher, often reaching up to $7,000.

Other Roles

• General Positions: For non-tech roles, the standard referral bonus usually ranges from $1,000 to $2,500. These roles include areas such as customer service, sales, and finance.

Payment Conditions

• The bonus is typically paid out in two installments:
  1. First Installment: 50% of the bonus is paid after the referred employee completes their first 90 days of employment.
  2. Second Installment: The remaining 50% is paid after the referred employee completes their first 6 months of employment.

Process

1. Submission: Employees submit a referral through the company's internal referral portal, providing the candidate's resume and contact information.
2. Tracking: The