Sandy Spring Bank Referral Bonus Overview

Sandy Spring Bank offers a referral bonus program designed to encourage employees to refer qualified candidates for open positions within the company. This program is particularly beneficial for roles in tech and product development, although it applies to other positions as well.

Referral Bonus Details

The referral bonus program at Sandy Spring Bank is structured to reward employees who help the company find top talent. Here's a detailed breakdown:

Tech/Product Roles

• Amount: For high-demand roles in technology and product development, such as Software Engineers, Product Managers, and Data Scientists, the referral bonus can range from $2,000 to $5,000.
• Payment Structure:
  • Initial Payment: 50% of the bonus is typically paid out after the referred candidate completes their first 30 days of employment.
  • Final Payment: The remaining 50% is disbursed after the candidate has successfully completed 6 months with the company.

Other Roles

• Amount: For positions outside of tech/product, such as Customer Service Representatives or Administrative Staff, the referral bonus usually ranges from $1,000 to $2,500.
• Payment Structure:
  • Initial Payment: 50% after 30 days of employment.
  • Final Payment: The remainder after 6 months of successful employment.

Eligibility Criteria

• Referrer: All full-time employees at Sandy Spring Bank are eligible to participate in the referral program.
• Referred Candidate: Must be new to the bank and not have applied independently within the past 6 months.
• Position: The role must be a full-time position and actively listed as eligible for referral bonuses.

Process

1. Submission: Referrals are submitted through the bank's internal employee portal, where employees can track the status of their referrals.
2. Review and Interview: The HR