La-Z-Boy Referral Bonus Program

La-Z-Boy offers a comprehensive referral bonus program to incentivize current employees to refer talent for open positions. Below is an overview of the referral bonus structure, focusing on tech and product roles, along with estimates and details for other positions.

Referral Bonus Structure

Tech/Product Roles

For critical positions within the tech and product teams, La-Z-Boy provides a competitive referral bonus to attract top-tier talent. This includes roles such as Software Engineers, Product Managers, Data Analysts, and UX/UI Designers.

• Bonus Amount: Approximately $2,000 to $5,000. The exact amount depends on the level and criticality of the role.
• Eligibility: The referring employee must be a current employee at the time of referral and at the time the bonus is paid out.
• Payout Schedule: The bonus is typically paid out in two installments:
  • First Installment: 50% upon the new hire's completion of their probationary period (usually 90 days).
  • Second Installment: The remaining 50% after the new hire has completed six months of employment.

Other Roles

For non-tech roles, such as customer service, sales, marketing, and administrative positions, the referral bonuses are structured differently:

• Bonus Amount: Ranges from $500 to $1,500.
• Eligibility and Payout: Similar to tech roles, eligibility requires current employment status throughout the process, and bonuses follow a two-part payout schedule.

Additional Guidelines

• Multiple Referrals: Employees can refer multiple candidates. However, bonuses are awarded per candidate hired.
• Candidate Eligibility: Referred candidates must not have applied independently within the last 12 months.
• Referral Submission: Referrals must be submitted through the company’s official referral portal to be eligible for the bonus.

Conclusion

La-Z-Boy’s referral bonus program is designed to