Grass Valley Inc. Referral Bonus Program

At Grass Valley Inc., we recognize the value of our employees' networks in sourcing top-tier talent. Our referral bonus program is designed to incentivize and reward team members for identifying and referring exceptional candidates, particularly for tech and product roles. Below are the details of our referral bonus program with estimated figures.

Referral Bonus Details

Eligibility

• All full-time employees are eligible to participate in the referral program, except for hiring managers and HR personnel directly involved in the recruitment process.
• The referred candidate must be new to Grass Valley Inc. (i.e., not already in our applicant tracking system).

Bonus Structure

1. Tech/Product Roles

   • Software Engineer, Product Manager, Data Scientist, etc.
     • Bonus Amount: $3,000
     • Payment Schedule:
       • 50% after the new hire completes 3 months.
       • Remaining 50% after the new hire completes 6 months.

2. Other Roles

   • Marketing, Sales, HR, etc.
     • Bonus Amount: $1,500
     • Payment Schedule:
       • 50% after the new hire completes 3 months.
       • Remaining 50% after the new hire completes 6 months.

Process

1. Referral Submission

   • Employees must submit referrals through the company's internal referral portal, providing necessary details about the candidate.

2. Candidate Evaluation

   • Referred candidates will undergo the standard recruitment process.
   • Employees will be updated on the status of their referrals.

3. Bonus Disbursement

   • Bonus payments are included in the employee's paycheck following the completion of the specified periods.
   • Applicable taxes will be deducted as per the usual payroll process.

Additional Information

• A successful referral is defined as a candidate who gets hired and remains employed with the company beyond the specified milestone periods.