Magnolia Oil & Gas Referral Bonus Program

Magnolia Oil & Gas offers a referral bonus program designed to incentivize current employees to refer qualified candidates for open positions, particularly focusing on tech and product roles. The program aims to attract top talent by leveraging the networks of existing employees.

Referral Bonus Details

Eligibility

• Current Employees: All full-time employees of Magnolia Oil & Gas are eligible to participate in the referral program.
• Referred Candidates: Must apply for a full-time position and successfully complete the hiring process.

Bonus Structure

The referral bonus varies depending on the role category and level of the position. Below are estimated figures for different roles:

Tech/Product Roles

• Entry-Level (e.g., Junior Developer, Product Analyst): Up to $2,000
• Mid-Level (e.g., Software Engineer, Product Manager): Up to $3,500
• Senior-Level (e.g., Senior Engineer, Lead Product Manager): Up to $5,000

Other Roles

• Non-Tech/Product Roles: Bonus amounts for these roles typically range from $1,000 to $3,000, depending on the level and criticality of the position.

Payment Terms

• The bonus is typically paid out after the referred candidate has successfully completed a 90-day probationary period.
• Bonuses are subject to taxes and will be included in the referring employee's regular paycheck.

Referral Process

1. Submission: Employees submit the candidate's resume and relevant details through the company’s internal referral portal or HR system.
2. Acknowledgement: HR acknowledges the referral submission and provides updates on the candidate’s status throughout the recruitment process.
3. Hiring Decision: If the candidate is hired and completes the probationary period, the referral bonus is processed and paid out accordingly.

Guidelines and Restrictions

• Multiple Referrals: If a candidate is referred by more than one employee,