Vanguard Australia Referral Bonus Overview

Vanguard Australia offers a referral bonus program designed to incentivize current employees to refer qualified candidates for open positions, particularly in tech and product roles. The following provides a detailed breakdown of the referral bonus program, including estimated bonus amounts and eligibility criteria.

Key Features of the Referral Bonus Program

1. Eligibility for Referral Bonus:

   • Open to all current Vanguard Australia employees.
   • Employees in Human Resources and those part of the hiring decision for the referred role are typically not eligible to receive a referral bonus.

2. Targeted Roles:

   • The program focuses on high-demand positions, especially within tech and product domains.
   • Examples of targeted roles include Software Engineers, Product Managers, Data Analysts, and UX/UI Designers.
   • Other roles such as Marketing, Finance, and Operations may also be eligible for referral bonuses.

3. Bonus Amounts:

   • Referral bonuses vary based on the role and its seniority level.
   • Estimated bonus amounts for tech/product roles:
     • Entry-Level (e.g., Junior Software Engineer): AUD 1,500 - AUD 2,000
     • Mid-Level (e.g., Product Manager): AUD 2,500 - AUD 3,500
     • Senior-Level (e.g., Senior Data Scientist): AUD 4,000 - AUD 5,000
     • Executive and Specialized Roles: May exceed AUD 5,000, depending on the complexity and demand for the role.

4. Process:

   • Employees must submit referrals through the internal referral system.
   • The referred candidate must successfully pass the interview process and be hired.
   • Bonuses are typically paid out after the new hire has remained with the company for a specified period, often between 3 to 6 months.

5. Additional Considerations:

   • Referrals are encouraged to improve the quality of candidates and reduce time-to