Plymouth Industrial REIT Referral Bonus Overview

Plymouth Industrial REIT may offer a referral bonus program as part of its talent acquisition strategy, especially for high-demand roles like those in tech and product development. While specific details can vary, here's a detailed overview of how such a program might be structured, with estimates and numbers based on industry norms.

Referral Bonus Program Details

Tech / Product Roles

1. Eligibility:

   • Employees can refer candidates for open tech and product roles, including software engineers, product managers, data analysts, and UX/UI designers.

2. Bonus Structure:

   • Successful Referral: A referral bonus is typically awarded if the referred candidate is hired and remains with the company for a predetermined period (commonly 90 days).
   • Bonus Amount: For tech/product roles, the referral bonus can range from $2,000 to $5,000, depending on the role's seniority and criticality.

3. Payment Schedule:

   • Bonuses are usually paid out in a lump sum after the referred employee has completed the required tenure (e.g., 90-day retention period).

Other Roles

1. Eligibility:

   • All employees are encouraged to refer candidates for various roles, from administrative to managerial positions.

2. Bonus Structure:

   • Successful Referral: Similar criteria as tech roles, with bonuses contingent on the referred candidate’s retention.
   • Bonus Amount: For non-tech roles, the referral bonus might range from $500 to $2,000, reflecting the role’s demand and level.

3. Payment Schedule:

   • Payments follow the same retention verification process and are typically processed in the next payroll cycle after eligibility is confirmed.

Additional Considerations

• Role-Specific Bonuses: Occasionally, hard-to-fill or urgent roles may offer higher referral bonuses as an added incentive.
• Program Duration: Referral programs can be ongoing or time-bound, depending on the