Refer new talent to Sonoco
South Carolina, United States
21,000 Employees
Other
Typical Referral Bonus
According to employees, the average referral bonus at Sonoco is $5,000
Sonoco Referral Bonus Program
Sonoco offers a competitive referral bonus program designed to attract top talent by leveraging the networks of current employees. This program is particularly focused on filling key positions, including tech and product roles, which are crucial for driving the company's innovation and growth.
Overview of the Referral Bonus Program
Eligibility
- Who Can Refer: All full-time employees are eligible to participate in the referral program.
- Who Can Be Referred: Candidates eligible for referral include those applying for full-time positions. However, they must not have applied to Sonoco within the last 12 months or have been previously employed by Sonoco.
Bonus Structure
- Tech & Product Roles:
- For critical tech and product positions, such as Software Engineers, Product Managers, or Data Scientists, the referral bonus is typically higher due to the demand and specialized skills required.
- Estimated Bonus: $2,000 to $5,000 per successful hire.
- Other Roles:
- For non-tech roles such as Sales, Operations, or Administrative positions, the referral bonus is generally lower.
- Estimated Bonus: $1,000 to $3,000 per successful hire.
Payment Conditions
- The bonus is typically paid out in two installments:
- First Installment: 50% of the bonus is paid after the referred candidate completes 90 days of employment.
- Second Installment: The remaining 50% is paid after the new hire completes 6 months of employment.
Program Guidelines
- Referrals must be submitted through the official referral portal.
- The referring employee must be actively employed at Sonoco at the time of both installment payments to receive the bonus.
- There is no cap on the number of referrals an employee can make, but bonuses are only awarded for successful hires.
Benefits of the Referral Program
- Encourages Employee Engagement: Employees are motivated to participate actively in the recruitment process
Financials
Type
public
Annual Revenue
--
Market Cap
$4.6B+