Ernst & Young Referral Bonus Overview

Ernst & Young (EY) offers a referral bonus program designed to incentivize employees to refer qualified candidates for open positions within the company. This program is particularly beneficial for tech and product roles, though it extends to a wide range of positions across the firm. Below is a detailed overview of how the referral bonus program typically works, with estimates and examples to help you understand the potential rewards.

Referral Bonus Structure

Tech/Product Roles

• Typical Bonus Range: $3,000 - $5,000
  • Software Engineers: $4,000
  • Product Managers: $4,500
  • Data Scientists: $3,500
• Eligibility: Referrals must be for mid to senior-level positions, which are often more challenging to fill and thus carry higher bonus amounts.
• Payment Schedule: Bonuses are usually paid out in two installments:
  • First Installment: Paid after the referred candidate has been employed for 90 days.
  • Second Installment: Paid after the candidate completes one year of service.

Other Roles

• Consulting Roles: $2,000 - $3,500
• Audit/Tax Positions: $1,000 - $2,500
• Administrative/Support Staff: $500 - $1,500
• Eligibility: Similar to tech roles, the referral must typically be for positions that are challenging to fill or require specialized skills.

Additional Details

• Eligibility for Employees: Most full-time employees are eligible to participate in the referral program, with some exceptions typically applying to HR personnel and management directly involved in the hiring process.
• Referral Process: Employees can submit referrals through an internal portal, providing the candidate's resume and any relevant details. The referral must be submitted before the candidate applies or is contacted by EY recruiters.
• **Restrictions