Novanta Referral Bonus Program

Novanta values the power of community and networking. To encourage employees to refer top talent, we offer a competitive referral bonus program. Below is a detailed breakdown of the program, focusing on tech and product roles, with insights into potential earnings.

Referral Bonus Structure

Tech/Product Roles

• Software Engineers, Data Scientists, Product Managers, UX/UI Designers:
  • Bonus Amount: $5,000
  • Payment Schedule:
    • 50% paid after the new hire completes their first 90 days.
    • Remaining 50% paid after the new hire completes six months.

Other Roles

• Sales, Marketing, Operations, HR:
  • Bonus Amount: $3,000
  • Payment Schedule:
    • 50% paid after the new hire completes their first 90 days.
    • Remaining 50% paid after the new hire completes six months.

Executive Roles

• Director-Level and Above:
  • Bonus Amount: $10,000
  • Payment Schedule:
    • 50% paid after the new hire completes their first 90 days.
    • Remaining 50% paid after the new hire completes six months.

Eligibility Criteria

1. Active Employee Status: Referring employee must be actively employed at Novanta when the bonus payments are made.
2. Referral Submission: All referrals must be submitted through the official Novanta referral portal to be eligible for the bonus.
3. New Hire Status: The referred candidate must not already be in the Novanta recruiting pipeline.

Estimates and Impact

• Example Calculation for a Tech/Product Role:
  • If 10 employees each successfully refer one candidate for a tech/product role, Novanta will distribute a total of $50,000 in bonuses.
  • If each referring employee refers two candidates, the total bonus payout could reach $100,000.