Federal Agricultural Mortgage Referral Bonus Program

Federal Agricultural Mortgage, also known as Farmer Mac, offers a referral bonus program to incentivize employees to refer qualified candidates for open positions within the organization. This program is designed to attract top talent, particularly in tech and product roles, although it is applicable to other positions as well.

Referral Bonus Overview

1. Eligibility:

   • The referral program is open to all current employees of Federal Agricultural Mortgage.
   • Referrals must be for external candidates who are not already in the company's hiring pipeline.

2. Bonus Structure:

   • The referral bonus varies by role and is typically more substantial for high-demand positions such as those in tech and product management.
   • For tech and product roles, the bonus can range from $2,500 to $5,000, depending on the level of the position and its criticality to the organization.
   • For non-tech roles, the bonus generally ranges from $1,000 to $3,000.

3. Payment Process:

   • The bonus is usually paid out in two installments:
     • 50% upon the referred candidate's successful completion of the probationary period (typically 90 days).
     • 50% after the candidate completes six months of employment.

4. Conditions:

   • The referred candidate must remain employed with the company for at least six months for the referrer to receive the full bonus.
   • If the referred candidate leaves the company before six months, the referrer may forfeit the remaining bonus.

5. How to Refer a Candidate:

   • Employees must submit referrals through the company's internal referral portal, providing the candidate's resume and contact information.
   • It's important to note that employees should inform the candidate about the referral and obtain their consent before submission.

6. Additional Incentives:

   • From time to time, Federal Agricultural Mortgage may run special referral campaigns for hard-to-fill positions,