Ready Capital Referral Bonus Overview

Referral bonuses are a great way for companies to incentivize current employees to refer qualified candidates for open positions. Ready Capital, like many organizations, offers referral bonuses for successful hires. Below is a detailed overview of the referral bonus structure, with a focus on tech and product roles, along with estimates and examples where applicable.

Referral Bonus Structure

General Overview

• Eligibility: All full-time employees are eligible to participate in the referral program.
• Qualifying Positions: Referral bonuses are available for specific roles, primarily those that are hard-to-fill or high-priority, such as tech, product, and specialized roles.
• Payment Schedule: Bonuses are typically paid out in two installments — the first half after the referred employee completes 90 days, and the second half after they complete one year of service.

Bonus Amounts by Role

Tech and Product Roles

• Software Engineer:

  • Referral Bonus: $5,000
  • Example: If you refer a software engineer who is successfully hired and completes the necessary milestones, you will receive $2,500 after 90 days and the remaining $2,500 after one year.

• Product Manager:

  • Referral Bonus: $4,500
  • Example: A successful referral for a product manager yields $2,250 after 90 days and another $2,250 after a year.

• Data Scientist:

  • Referral Bonus: $5,500
  • Example: Referring a data scientist can earn you $2,750 after the initial 90-day period and $2,750 after one year.

Other Roles

• Sales Executive:

  • Referral Bonus: $3,000
  • Example: A successful referral for a sales executive results in $1,500 after 90 days and $1,500 after a year.

• Marketing Specialist:

  • Referral Bonus: $2,