Scotiabank Referral Bonus Program

Scotiabank offers a Referral Bonus Program designed to incentivize current employees to refer qualified candidates for open positions. This program is particularly advantageous for tech and product roles, although it also applies to other areas within the bank.

Overview of the Referral Program

The referral bonus program is structured to reward employees who successfully refer candidates that get hired and complete a probationary period. The program not only helps the bank attract top talent but also allows employees to participate in building a strong team.

Eligibility

• Current Employees: All active employees of Scotiabank are eligible to participate in the referral program. However, certain roles, like HR staff involved in recruitment, may be excluded.
• Referred Candidates: The candidate must be submitted through the official referral process and should not have applied to Scotiabank within the last six months.

Referral Process

1. Submission: Employees must submit the candidate’s information through Scotiabank’s internal referral portal.
2. Review: The candidate's application is reviewed by the recruitment team.
3. Interview: Shortlisted candidates are invited for interviews.
4. Hiring Decision: If hired, the candidate must complete a probation period for the referral bonus to be applicable.

Referral Bonus Structure

The amount of the referral bonus can vary based on the level and nature of the position being filled. Below are typical estimates for different roles:

Tech/Product Roles

• Software Engineers/Developers: $2,000 - $3,000
• Product Managers: $2,500 - $3,500
• Data Scientists/Analysts: $2,000 - $3,000
• UX/UI Designers: $1,500 - $2,500

Other Roles

• Financial Analysts: $1,000 - $2,000
• Customer Service Representatives: