Prospect Capital Referral Bonus Program

Prospect Capital offers a competitive referral bonus program to incentivize employees to refer qualified candidates for open positions within the company. This program is designed to attract top talent, particularly in high-demand areas such as technology and product management, but it is applicable across various roles within the organization.

Referral Bonus Details

Tech/Product Roles

For technology and product-related positions, such as software engineers, product managers, data scientists, and UX/UI designers, the referral bonus structure is as follows:

• Bonus Amount: Up to $5,000
• Disbursement:
  • Initial payment of $2,500 upon the referred candidate's successful completion of 90 days of employment.
  • Additional payment of $2,500 after six months of the candidate's employment.

Other Roles

For non-tech roles, including finance, marketing, operations, and administrative positions, the referral bonus structure is generally lower due to varying demand and market conditions:

• Bonus Amount: Up to $2,000
• Disbursement:
  • Initial payment of $1,000 upon the referred candidate's successful completion of 90 days of employment.
  • Additional payment of $1,000 after six months of the candidate's employment.

Eligibility and Process

• Eligibility: All current employees of Prospect Capital are eligible to participate in the referral bonus program.
• Referral Submission: Employees must submit referrals through the company’s internal referral portal, providing the candidate’s resume and any additional information required.
• Candidate Evaluation: Referred candidates will undergo the standard recruitment process. The referring employee will be updated on the candidate’s progress.
• Exclusions: Bonuses are not applicable for referring candidates who are former employees or have been previously referred by another employee.

Estimations and Impact

• Estimated Payouts: Assuming an average of 10 tech/product referrals and 20 non-tech referrals annually, with a success rate of