Desjardins Life Insurance Referral Bonus Overview

Desjardins Life Insurance offers a referral bonus program to incentivize current employees to refer talented individuals to their team. This program is particularly advantageous for those in tech and product roles, although it applies to other positions as well.

Referral Bonus Structure

• Tech/Product Roles: Employees referring candidates for technology and product-related positions can expect a referral bonus ranging from $1,000 to $3,000. The exact amount depends on the seniority of the role and the criticality of the position.

• Other Roles: For non-tech roles, the referral bonus typically ranges from $500 to $1,500. Again, this varies based on the position level and department needs.

Bonus Eligibility and Payment

1. Eligibility:

   • The referred candidate must successfully be hired and complete a probationary period, typically around 3 to 6 months.
   • The referring employee must be actively employed at the time of the bonus payout.

2. Payment Schedule:

   • Bonuses are paid out once the referred candidate has completed their probationary period.
   • Payments are processed through the regular payroll system and are subject to taxes and deductions.

How to Participate

• Referral Submission: Employees can submit referrals through the internal HR portal. Detailed instructions and a tracking system ensure transparency and efficiency.

• Candidate Tracking: Employees will receive updates on the status of their referral at key stages (interview, offer, onboarding).

Benefits of the Referral Program

• High-Quality Hires: Employee referrals often lead to hires who are a better cultural fit and have a higher retention rate.
• Employee Engagement: The program encourages employees to participate actively in building their teams.

Conclusion

Desjardins Life Insurance's referral bonus program is a strategic initiative to attract top talent, especially in crucial tech and product roles. By offering compelling