Timken Company Referral Bonus Overview

Timken Company values employee referrals as an effective way to identify and recruit top talent. The company offers a structured referral bonus program, particularly focusing on tech and product roles, although it extends to other positions as well. Below is a detailed overview of the referral bonus program:

Referral Bonus Structure

Tech/Product Roles

• Bonus Amount: For tech and product roles, employees can earn a referral bonus ranging from $2,000 to $5,000. The exact amount depends on the level and criticality of the position.
• Payment Schedule: The bonus is typically paid in two installments. The first half is disbursed after the referred candidate completes three months of employment, and the remaining half is paid after six months of successful employment.

Other Roles

• Bonus Amount: For roles outside of tech and product, the referral bonus may range from $1,000 to $2,500. These roles include positions in operations, sales, and support functions.
• Payment Schedule: Similar to tech/product roles, payment is made in two installments—50% at three months and the remaining 50% at six months of the new hire's employment.

Eligibility Criteria

• Referring Employee: All full-time employees are eligible to participate in the referral program.
• Referred Candidate: The candidate must not have applied to Timken within the last six months and should be successfully hired and retained for the specified duration.
• Position Eligibility: The role must be open and listed on the Timken careers page to qualify for a referral bonus.

Process to Submit Referrals

1. Application Submission: Employees need to submit their referral through the company's internal referral portal or by emailing the HR department with the candidate's resume and relevant details.
2. Tracking and Updates: The HR team will provide regular updates on the referral status to the referring employee.
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