LPL Financial Referral Bonus Program

LPL Financial offers a referral bonus program designed to incentivize employees to refer qualified candidates for open positions. This program is especially attractive for those who have connections in the tech and product sectors, but it also extends to other roles within the company. Below is a detailed overview of the referral bonus structure and estimates.

Referral Bonus Structure

Tech/Product Roles

LPL Financial recognizes the critical importance of tech and product roles in driving innovation and maintaining competitive advantage. As such, the referral bonuses for these positions are typically higher compared to other roles. Here’s an estimated breakdown:

• Software Engineers (Junior to Senior Levels)
  • Referral Bonus: $5,000 - $8,000
• Product Managers
  • Referral Bonus: $4,000 - $7,000
• Data Scientists/Analysts
  • Referral Bonus: $5,000 - $8,000
• UX/UI Designers
  • Referral Bonus: $3,000 - $6,000

Other Roles

While tech/product roles have a higher bonus, LPL Financial also offers referral bonuses for other key positions:

• Financial Advisors
  • Referral Bonus: $3,000 - $5,000
• Operations Managers
  • Referral Bonus: $2,000 - $4,000
• Administrative Roles
  • Referral Bonus: $1,000 - $3,000

Eligibility and Payout

• Eligibility: Employees are eligible to participate in the referral program if they are not directly involved in the hiring process for the referred candidate.

• Payout: The referral bonus is typically paid out in two installments. The first half is paid when the referred candidate successfully completes their probation period (usually 90 days), and the second half is paid after the candidate has been with the company for a full year.

Key Points

• Referral bonuses are subject to tax deductions