Empower Retirement Referral Bonus Program

Empower Retirement offers a competitive referral bonus program to encourage employees to refer talented candidates to join the company. This program is designed to attract top talent, particularly in tech and product roles, but extends to other departments as well. Here's a detailed breakdown of the bonus structure and estimates:

Referral Bonus Structure

1. Tech/Product Roles:

   • Software Engineers, Product Managers, Data Scientists:
     • Bonus Amount: $5,000
     • Eligibility: Bonus is payable after the referred candidate completes 90 days of employment.
   • UX/UI Designers, Quality Assurance Engineers:
     • Bonus Amount: $4,000
     • Eligibility: Bonus is payable after the referred candidate completes 90 days of employment.

2. Other Roles:

   • Sales and Marketing:
     • Bonus Amount: $3,000
     • Eligibility: Bonus is payable after the referred candidate completes 90 days of employment.
   • Administrative and Support Roles:
     • Bonus Amount: $2,000
     • Eligibility: Bonus is payable after the referred candidate completes 90 days of employment.

Program Highlights

• Multiple Referrals: Employees can refer multiple candidates and earn bonuses for each successful hire.

• No Cap: There is no cap on the number of referral bonuses an employee can earn.

• Payout Schedule: Bonuses are typically processed and paid out in the next payroll cycle following the eligibility period.

• Eligibility: All full-time employees are eligible to participate in the referral program, with the exception of those involved in the hiring process for the specific role.

Estimated Impact

• For Employees: The referral program provides an opportunity to earn additional income while helping to build a strong team. For instance, referring two software engineers could earn an employee an additional $