Elm Street Technology Referral Bonus Program

Elm Street Technology values the contributions of its employees and encourages them to refer talented individuals to join our team. Our referral bonus program is designed to reward employees who help us attract top talent for various roles, especially in the tech and product sectors. Here’s a detailed breakdown of the program:

Referral Bonus Structure

Tech/Product Roles

• Software Engineers: $3,000
• Product Managers: $3,500
• Data Scientists: $3,000
• UX/UI Designers: $2,500

Other Roles

• Sales Executives: $2,000
• Marketing Specialists: $1,500
• Customer Support Agents: $1,000

Eligibility Criteria

1. Employee Status: All full-time and part-time employees are eligible to participate in the referral program.
2. Referral Submission: Referrals must be submitted through the official employee portal for tracking and assessment.
3. Candidate Criteria: The referred candidate must meet the job qualifications and successfully complete the interview process.

Bonus Payment Conditions

• Hiring Confirmation: The referral bonus is paid after the referred candidate has successfully completed 90 days of employment.
• Payment Schedule: Bonuses are disbursed in the next payroll cycle following the completion of the 90-day period.

Additional Guidelines

• Multiple Referrals: If multiple employees refer the same candidate, the bonus will be awarded to the employee whose referral form was submitted first.
• No Self-Referrals: Employees cannot refer themselves for open positions.
• Exclusions: Temporary and contract employees are not eligible for referral bonuses.

Estimated Impact

Assuming a successful hire rate of 30% for tech/product roles via referrals, and an average of 10 referrals per quarter, the potential payout is approximately:

• Tech/Product Roles: 10 hires