Refer new talent to Townebank

TowneBank Referral Bonus Program

TowneBank offers a referral bonus program to incentivize employees to refer qualified candidates for open positions within the company. This program is designed to attract top talent, especially in high-demand areas such as tech and product roles. Below is a detailed overview of the referral bonus program, including estimates for the bonus amounts.

Eligible Positions

1. Tech and Product Roles

   • Software Engineers
   • Product Managers
   • Data Scientists
   • UX/UI Designers
   • IT Support Specialists

2. Other Roles

   • Financial Analysts
   • Customer Service Representatives
   • Marketing Specialists
   • Operations Managers

Bonus Structure

TowneBank offers a tiered bonus structure based on the role being filled:

1. Tech and Product Roles

   • Tier 1: High Demand Positions (e.g., Software Engineers, Data Scientists)
     • Bonus: $5,000
   • Tier 2: Other Tech/Product Roles (e.g., UX/UI Designers, IT Support Specialists)
     • Bonus: $3,000

2. Other Roles

   • Tier 3: Non-Tech Roles (e.g., Financial Analysts, Customer Service Representatives)
     • Bonus: $1,500

Referral Process

1. Submission: Employees can submit referrals through the TowneBank internal referral portal. Complete the form with the candidate's details and resume.

2. Eligibility Check: The referred candidate must meet the minimum qualifications for the position. The referring employee must be in a full-time role and in good standing with the company.

3. Interview and Hire: If the referred candidate is selected for an interview and subsequently hired, the bonus will be processed.

Payment Details

• The referral bonus is typically disbursed in two installments:
  • First Installment: 50% of the bonus is paid once the referred employee