Redwood Trust Referral Bonus Program

Redwood Trust values its employees and recognizes the importance of expanding its team with top talent. To encourage this, Redwood Trust offers a competitive referral bonus program aimed at rewarding employees who successfully refer candidates for open positions, particularly in tech and product roles. Below is a detailed overview of the referral bonus structure and estimated figures.

Referral Bonus Structure

Tech and Product Roles

1. Software Engineers (All Levels)

   • Bonus Amount: $5,000
   • Criteria: The referred candidate must successfully complete the probationary period, typically 90 days.

2. Product Managers

   • Bonus Amount: $4,500
   • Criteria: The referred candidate must be hired and remain employed for at least 90 days.

3. Data Scientists and Analysts

   • Bonus Amount: $4,000
   • Criteria: The referred candidate must pass the onboarding phase and stay for a minimum of 3 months.

Other Roles

1. Marketing Specialists

   • Bonus Amount: $3,000
   • Criteria: Candidate must be successfully hired and complete a 90-day probationary period.

2. Sales Representatives

   • Bonus Amount: $3,500
   • Criteria: The referred candidate must be employed for a minimum of 90 days.

3. Administrative and Support Staff

   • Bonus Amount: $2,000
   • Criteria: The candidate needs to be employed for at least 3 months post-hire.

Additional Details

• Eligibility: All employees, except those directly involved in the hiring process (e.g., HR personnel, hiring managers), are eligible to participate in the referral program.
• Payment Timing: The referral bonus is typically paid out in the payroll cycle following the completion of the referred candidate's probationary period.