Raytheon Referral Bonus Program

Raytheon Technologies offers a referral bonus program to incentivize current employees to refer qualified candidates for open positions within the company. This initiative is particularly focused on attracting top talent for tech and product roles, though it applies to other positions as well. Below is a detailed overview of the referral bonus program, including estimates and key details.

Program Overview

• Eligibility: All Raytheon employees are eligible to participate in the referral program, except for those involved in the hiring process for the specific position or those at executive levels who are typically excluded from receiving bonuses.
• Referral Bonus Amounts: The bonus amounts can vary based on the role and its criticality.
  • Tech/Product Roles: Generally, referral bonuses for tech and product roles range from $2,000 to $5,000. These positions often include software engineers, product managers, and data scientists.
  • General Roles: For non-tech positions, bonuses typically range from $1,000 to $3,000, depending on factors such as job level and the urgency of the hiring need.

Process

1. Submission: Employees must submit referrals through the company's internal referral portal, providing detailed information about the candidate.
2. Acknowledgment: Once the referral is submitted, the employee will receive an acknowledgment email confirming the receipt of the referral.
3. Evaluation: Referred candidates will undergo the standard recruitment process. If they meet the job criteria, they will be considered alongside other applicants.
4. Hiring and Payment: If the referred candidate is hired and completes a specified tenure (usually 90 days), the referring employee becomes eligible for the bonus payment.
5. Payment Timeline: Referral bonuses are typically processed and paid out in the payroll cycle following the completion of the referred employee's tenure.

Additional Considerations

• Multiple Referrals: If multiple employees refer the same candidate, the bonus is awarded to the employee who submitted the referral first