Loews Corporation Referral Bonus Program: Tech & Product Roles

Loews Corporation values the contributions of its employees in building a talented workforce. The referral bonus program is designed to incentivize current employees to refer qualified candidates for open positions, particularly in tech and product roles. Here's a detailed breakdown of the program:

Eligibility for Referral Bonus

• Who Can Refer? All full-time and part-time employees are eligible to participate in the referral program. However, the program excludes those in HR or recruiting roles.
• Eligible Positions: Tech and product roles are prioritized, including software developers, product managers, data scientists, and UX/UI designers. Other roles may also be eligible, depending on the company's current hiring needs.

Bonus Structure

The referral bonus is structured based on the role's seniority and specific departmental needs:

• Tech Roles:

  • Junior Positions (e.g., Junior Developer): $2,000 per successful referral.
  • Mid-Level Positions (e.g., Software Engineer, Data Analyst): $3,500 per successful referral.
  • Senior Positions (e.g., Senior Engineer, Lead Product Manager): $5,000 per successful referral.

• Product Roles:

  • Junior Positions (e.g., Associate Product Manager): $2,000 per successful referral.
  • Mid-Level Positions (e.g., Product Manager): $3,500 per successful referral.
  • Senior Positions (e.g., Senior Product Manager, Head of Product): $5,000 per successful referral.

• Other Roles: Bonuses for non-tech/product roles generally range from $1,000 to $3,000, depending on the department and level of specialization.

Payment Terms

• Timing: The referral bonus is typically paid in two installments. The first half is paid upon the referred candidate's successful completion of the first 90 days. The remaining half is paid after the candidate completes six months