Veracyte Referral Bonus Program

Veracyte, a leading genomic diagnostics company, offers a structured referral bonus program aimed at attracting top talent, especially in tech and product roles. This program is designed to incentivize current employees to refer qualified candidates from their professional networks.

Referral Bonus Details

Tech and Product Roles

• Software Engineers, Data Scientists, Product Managers, UX/UI Designers:
  • Bonus Amount: $5,000
  • Eligibility: The referred candidate must be successfully hired and remain with the company for a minimum of 90 days.
  • Payment Schedule: The bonus is typically paid out in the next payroll cycle after the 90-day period is completed.

Other Roles

• Non-Tech Roles (e.g., Sales, Marketing, HR):
  • Bonus Amount: $2,000 - $3,000
  • Eligibility: Similar conditions apply where the referred candidate must be hired and complete a 90-day tenure.
  • Payment Schedule: Bonus is disbursed in the payroll cycle following the 90-day milestone.

General Guidelines

1. Referral Submission: Employees must submit referrals through the official company referral portal or email HR directly with the candidate's details.
2. Eligibility: Only full-time employees are eligible to receive referral bonuses. Part-time employees, contractors, and interns are not eligible.
3. Multiple Referrals: If multiple employees refer the same candidate, the bonus is awarded to the first referral submitted.
4. Candidate Eligibility: The referred candidate must not have been previously employed by Veracyte or applied independently within the past 12 months.

Estimated Impact

• Recruitment Efficiency: By leveraging the networks of current employees, Veracyte aims to reduce recruitment time by approximately 20%.
• Cost Savings: With traditional recruiting costs averaging $4,000 per hire, the referral program