Opendoor Referral Bonus Overview

Opendoor offers a referral bonus program designed to incentivize employees and external partners to refer qualified candidates for open positions within the company. This program is particularly focused on attracting talent for tech and product roles, though it also applies to other departments. Below is a detailed look at how the referral bonus system works, along with estimated figures to provide a comprehensive understanding.

Referral Bonus Structure

Tech/Product Roles

1. Engineering Positions (e.g., Software Engineers, Data Scientists)

   • Bonus Amount: $5,000 - $10,000
   • Eligibility: The bonus is typically awarded after the referred candidate has been employed for a minimum of 90 days.

2. Product Management Roles (e.g., Product Managers, UX Designers)

   • Bonus Amount: $4,000 - $8,000
   • Eligibility: Similar to engineering roles, the bonus is contingent on the new hire completing at least 90 days of employment.

Other Roles

1. Sales and Marketing

   • Bonus Amount: $3,000 - $6,000
   • Eligibility: The bonus is provided after the candidate has been on board for 90 days.

2. Operations and Support

   • Bonus Amount: $2,000 - $4,000
   • Eligibility: Payout occurs following a 90-day employment period.

Process for Referring Candidates

1. Submission: Referrals can be submitted through Opendoor's referral portal or by emailing the recruitment team with the candidate's details.
2. Tracking: Each referral is tracked and monitored through the recruitment process, ensuring transparency and timely updates.
3. Notification: Referrers are notified once their candidate has been hired and has completed the necessary 90-day employment period.

Benefits of the Referral Program

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