
Refer new talent to Sompo International
Bermuda
5,001-10,000 employees Employees
Insurance
•Other
Typical Referral Bonus
According to employees, the average referral bonus at Sompo International is $5,000
Sompo International Referral Bonus Program
Sompo International values the power of referrals and encourages employees to refer talented individuals to join our team. Our referral bonus program is designed to reward employees who help us find skilled professionals, particularly in tech and product roles. Here’s a detailed breakdown of the program:
Referral Bonus Structure
Tech/Product Roles
- Software Engineers, Data Scientists, Product Managers
- Bonus Amount: Up to $5,000
- Conditions:
- Bonus is typically paid out in two installments. The first half after the referred employee completes 3 months, and the remainder after 12 months of successful employment.
- The referred candidate must not have been previously considered for any position in the last 12 months.
Other Roles
- Marketing, HR, Finance, etc.
- Bonus Amount: Up to $3,000
- Conditions:
- Similar payout structure as tech/product roles.
- The referred candidate must be successfully hired and complete the specified tenure.
Eligibility Criteria
- All full-time employees, except those in HR or Recruitment, are eligible to participate in the referral program.
- The referral must be submitted through the official referral process, typically via the internal HR portal or specified email.
Process Overview
- Submission: Employee submits the referral through the designated channel.
- Evaluation: The recruitment team evaluates the candidate. If the candidate progresses through interviews and is successfully hired, the referring employee is notified.
- Payment: The bonus is processed according to the conditions listed above, ensuring both the referrer and the new hire meet the specified requirements.
Estimated Impact
- Increased Hire Quality: Referrals have shown to lead to higher quality hires, with referred employees generally performing better and staying longer.
- Cost Efficiency: Reduces recruitment costs by leveraging employee networks.
- Employee Engagement: Encour
Financials
Type
private
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