Refer new talent to Fractal

Fractal Referral Bonus Program

The Fractal Referral Bonus Program is designed to incentivize current employees to refer talented individuals to join our team, particularly in high-demand areas such as tech and product roles. Below is a detailed breakdown of the program, including potential earnings for referrers and the impact on various departments.

Overview

The referral bonus is structured to reward employees for successful hires, with varying bonus amounts depending on the role's criticality and level. This approach not only helps us attract top-tier candidates but also leverages our employees' networks effectively.

Tech/Product Roles

1. Junior Roles (e.g., Junior Developer, Product Analyst):

   • Bonus Amount: $1,000
   • Eligibility: Bonus is paid out after the referred candidate completes a 3-month probationary period.
   • Estimated Time to Fill: 30 days
   • Average Cost to Hire (without referral): $5,000
   • Savings with Referral: $3,000

2. Mid-Level Roles (e.g., Software Engineer, Product Manager):

   • Bonus Amount: $2,500
   • Eligibility: Bonus is paid out in two installments—$1,250 after the candidate's first month and $1,250 after six months.
   • Estimated Time to Fill: 45 days
   • Average Cost to Hire (without referral): $10,000
   • Savings with Referral: $5,000

3. Senior Roles (e.g., Senior Developer, Lead Product Designer):

   • Bonus Amount: $5,000
   • Eligibility: Bonus is paid out in three installments—$2,000 after the first month, $1,500 after three months, and $1,500 after six months.
   • Estimated Time to Fill: 60 days
   • Average Cost to Hire (without referral):