Lincoln National Corporation Referral Bonus Program

Lincoln National Corporation offers a structured referral bonus program to encourage current employees to refer qualified candidates for open positions. This program is particularly advantageous for those referring candidates to tech and product roles, though it applies across various job categories. Below is a detailed overview of the program, focusing on tech and product roles, with estimated numbers.

Referral Bonus Details

Eligibility

• Current Employees: All full-time and part-time employees are eligible to participate in the referral bonus program.
• Referred Candidates: Must be new applicants who have not applied within the last 12 months.
• Open Positions: The program applies to all open positions, with a focus on tech and product roles such as software engineers, product managers, and data analysts.

Bonus Structure

• Tech/Product Roles:
  • Entry-Level Positions: $1,000 referral bonus
  • Mid-Level Positions: $2,500 referral bonus
  • Senior-Level Positions: $5,000 referral bonus
• Other Roles:
  • Bonuses for non-tech roles typically range from $500 to $2,000, depending on the level and urgency of the position.

Payment Schedule

• Bonuses are typically paid out in two installments:
  1. First Installment: 50% of the bonus upon the new hire's start date.
  2. Second Installment: Remaining 50% after the new hire completes 90 days of employment.

Process

1. Referral Submission: Employees must submit referrals through the company’s internal referral portal, providing the candidate's resume and any relevant information.
2. Candidate Evaluation: The referred candidate will undergo the standard recruitment process.
3. Notification: Employees will be notified of their referral status and any bonus eligibility once the candidate is hired and starts working.

Additional Considerations

• Multiple Referrals: If multiple employees refer the same candidate, the bonus will be