Bonus Referrals referring, receive, company

soddy1979

At your company do you receive a monetary bonus for referring candidates that are hired on by your firm? Just curious.

MiniMe7

Yes, nothing crazy though. Maybe $1,000 once the person is there 3 months.

yuoska

$1,500 and they have to stay 2 months

lunarfollies

Yep, $500 immediately and another $500 if they're around for six months.

stalkey

I did at my old job, it was $5K at a big bank. When I worked in PE there was no referral bonus. Am all for referral bonuses -- at least modest ones -- as it's a form of compensation that can be highly aligned with the firm's goals of getting a pool of high-quality candidates

bcp901

numi Wrote:
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> I did at my old job, it was $5K at a big bank.
> When I worked in PE there was no referral bonus.
> Am all for referral bonuses -- at least modest
> ones -- as it's a form of compensation that can be
> highly aligned with the firm's goals of getting a
> pool of high-quality candidates

That's right. Makes you all the more angry when the person you referred take a better offer somewhere else.

bbtomato

we get 20% of their pay the first 3 years and that declines 5% per year until they hit 16. then we take their kids.

jcole21

SkipE99 Wrote:
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> we get 20% of their pay the first 3 years and that
> declines 5% per year until they hit 16. then we
> take their kids.

LOL

lucasg85

GBP 2k junior, 4k senior

cv4cfa

Oh yeah and the reason is obvious: a recruitment firm can take up to 30% of the stated contract amount. I use agencies a lot and hate having to pay them but this is life. For a 100k hire it is either 30k to the recruitment agent or 4k to you.