Live Oak Bank Referral Bonus Program

Live Oak Bank offers a Referral Bonus Program to incentivize employees to refer qualified candidates for open positions. The program aims to attract top talent, particularly in high-demand areas such as tech and product roles, by leveraging the networks of current employees. Below, we provide a detailed overview of the program, focusing on tech and product roles, and including estimates with numbers where applicable.

Program Overview

The Referral Bonus Program at Live Oak Bank is designed to reward employees who help the company recruit talented individuals. Bonuses are paid out for successful hires who are referred by current employees. The program covers a variety of roles, including but not limited to:

• Tech Roles: Software Engineers, Data Scientists, IT Specialists
• Product Roles: Product Managers, UX/UI Designers, Business Analysts
• Other Roles: Sales, Marketing, Operations, Finance

Referral Bonus Estimates

The referral bonus amounts vary depending on the level and demand of the position. Below are estimated bonus amounts for different categories of roles:

Tech Roles

• Software Engineer (Junior/Mid-level): $2,000
• Software Engineer (Senior/Lead): $3,500
• Data Scientist: $3,000
• IT Specialist: $1,500

Product Roles

• Product Manager: $3,000
• UX/UI Designer: $2,500
• Business Analyst: $2,000

Other Roles

• Sales Representative: $1,000
• Marketing Specialist: $1,500
• Operations Manager: $2,000
• Finance Analyst: $1,500

Payout Structure

• Initial Payment: 50% of the bonus is paid out once the referred candidate completes 90 days of employment.
• Final Payment: The remaining 50% is paid out after