FactSet Referral Bonus Overview

FactSet offers a referral bonus program to incentivize employees to refer talented candidates for open positions within the company. This program is particularly beneficial for tech and product roles, which are often more challenging to fill due to the specialized skills required. Below is a detailed overview of the referral bonus program, including estimates and numbers, with a focus on tech and product roles.

Referral Bonus Structure

Tech/Product Roles

• Eligibility: All full-time employees are eligible to participate in the referral program.
• Bonus Amount: The referral bonus for tech and product roles typically ranges from $3,000 to $5,000. The exact amount can vary based on the seniority and demand for the position.
• Payout Schedule: The bonus is generally paid out in two installments:
  • First Installment: 50% of the bonus is paid once the referred candidate has been employed for 90 days.
  • Second Installment: The remaining 50% is paid after the candidate completes their first year of employment.

Other Roles

• Eligibility: Similar to tech/product roles, all full-time employees can refer candidates for other departments.
• Bonus Amount: For non-tech roles, the referral bonus typically ranges from $1,000 to $2,500.
• Payout Schedule: The payout process follows the same two-installment structure as tech/product roles.

Key Points

• Criteria: The referred candidate must not have applied to FactSet within the last 12 months.
• Submission Process: Employees need to submit referrals through the internal referral portal, ensuring they provide accurate and complete information about the candidate.
• Referral Recognition: In addition to the monetary bonus, employees often receive recognition within the company for successful referrals, which can include mentions in company newsletters or meetings.

Benefits of the Referral Program

• **Attracting Quality