Employee Referral Program Refresh

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  • Employee Referral Program Refresh

     Joseph Archila updated 2 months, 1 week ago 9 Members · 11 Posts
  • Brooks Thurston

    Member
    August 3, 2021 at 1:58 pm Company: Northern Trust
    91 Points

    Hi all! We are currently in the process of refreshing our Global Employee Referral Program and I would greatly appreciate hearing what others are doing.
    I have a few questions:

    1. Do you pay a flat fee for all referrals, or do you have a tiered approach? Do you mind sharing how much you pay?<div>

    2. Is anyone paying a higher amount for diverse referrals that are hired?

    3. Do you have a waiting period for payment or do you process the payment when the new hire starts?

    4. Are HR employees, that are not directly involved in the hiring process, eligible for referral bonuses?

    I’m more than happy to network with anyone that is interested! Thank you!

    </div>

  • Tony Lioi

    Member
    August 6, 2021 at 11:09 am Company: BASF Corporation
    186 Points

    Brooks, my replies are below:

    1. Do you pay a flat fee for all referrals, or do you have a tiered approach? Flat Fee. Do you mind sharing how much you pay? $2025.00

    2. Is anyone paying a higher amount for diverse referrals that are hired? Yes

    3. Do you have a waiting period for payment or do you process the payment when the new hire starts? Standard waiting period of 90 days

    4. Are HR employees, that are not directly involved in the hiring process, eligible for referral bonuses? Yes

  • Christine Massa

    Member
    August 6, 2021 at 6:20 pm
    23 Points

    Hello! Here’s what we do:

    1. Do you pay a flat fee for all referrals, or do you have a tiered approach? Do you mind sharing how much you pay?<div> We pay tiered by hiring level (not comfortable sharing the amount)

    2. Is anyone paying a higher amount for diverse referrals that are hired? I’d love to know how you pull that off! It’s very hard to run a legit campaign for diverse referrals to begin with, so we tend to run campaigns for “people who share our diverse and inclusive values.” But difficult to shore that up. We do sometimes pay extra for a hot skill.

    3. Do you have a waiting period for payment or do you process the payment when the new hire starts? We start processing payment after 30 days post hire.

    4. Are HR employees, that are not directly involved in the hiring process, eligible for referral bonuses? Yes unless they are in recruiting. They can be in learning, traditional HR, etc.

  • Terra Doyle

    Member
    August 8, 2021 at 5:13 pm Company: Roche

    Here’s what we do:

    1. Do you pay a flat fee for all referrals, or do you have a tiered approach? Do you mind sharing how much you pay? It is tiered based on level of role and it also varies across our various locations as it’s not harmonized. Amounts vary also with the highest being $5K per hire.

    2. Is anyone paying a higher amount for diverse referrals that are hired? Not yet but it is something that is on the table for discussion.

    3. Do you have a waiting period for payment or do you process the payment when the new hire starts? 90 days after hire.

    4. Are HR employees, that are not directly involved in the hiring process, eligible for referral bonuses? Yes with the exception of TA which is not eligible for any referral bonus payouts at all.

  • Rob Dromgoole

    Member
    August 9, 2021 at 6:31 am Company: Choctaw Nation of Oklahoma

    1) No

    2) At present, the only referrals we pay are for tribal members. There’s restrictions around it, but they have to a tribal member who is hired.

    3) 90 days

    4) HR employees not eligible.

  • Brooks Thurston

    Member
    August 9, 2021 at 6:38 am Company: Northern Trust
    91 Points

    Thanks to those of you that have shared what you are doing. @tony-lioibasf-com would be very interested to understand how you are managing the diversity referrals, would you mind sharing any additional details around this? This is something that we’ve been asked to look into, but agree with @cmassa around it being a daunting task to pull off!

    Today, our payments are tiered, currently at $500/$1,000 in the US (which we know is very low). However, we do have some pilots, or special promotions that have been put in place where we are doing $2,000/$4,000. The referral is paid out after 90 days. Currently excluded from receiving a referral bonus are SVP level and above, TA, as well as HR Advisors, HR Business Partners and HR Managers and anyone directly involved in the hiring process (Hiring Manager, interview panel, etc.).

    I’m happy to share where we land on any changes and continue to welcome anyone else to share or further discussions.

  • Lianne Mason

    Member
    August 9, 2021 at 7:53 am Company: Otis

    Great question. We are going through similar at the moment as we refresh our global policy .

    1)Most countries have a flat fee, some are tiered. We are looking at whether we should change this and how important consistency is, some of our amounts seem low.

    2)No. However would be interested in seeing how people do this. One of my focus areas is ensuring we do not lose diversity through our referral scheme, so this may be a way to mitigate.

    3) Most of our countries pay when new employee passes probation. A handful have two payments, half at hire and the remainder at 3 months.

    4) No one within HR is eligible.

  • Pamela DiGeronimo

    Member
    August 10, 2021 at 4:28 am
    4 Points

    Hello! Please see below:

    1. Do you pay a flat fee for all referrals, or do you have a tiered approach? Do you mind sharing how much you pay? – Tiered approach based on level/function ($1,200; $2,500, $5,000).

    2. Is anyone paying a higher amount for diverse referrals that are hired? We’ve wanted to and have tried to figure out the best way to do this whilst remaining compliant – its still being discussed!

    3. Do you have a waiting period for payment or do you process the payment when the new hire starts? 90 day waiting period

    4. Are HR employees, that are not directly involved in the hiring process, eligible for referral bonuses? Yes

  • Tony Lioi

    Member
    August 10, 2021 at 5:53 am Company: BASF Corporation
    186 Points

    @brooks-thurston I should say we are piloting diverse referral payouts with a specific business group and they are letting their employees know about the initiative but there’s no major “advertising” of this since it’s still a pilot. They went ahead and got the legal approval to move forward and this has more to do with our ERGs and enhancing our diverse manufacturing footprint. For example this only applies for specific manufacturing sites. From a tracking and reporting standpoint it’s not an issue.

  • Greg Maurino

    Member
    August 11, 2021 at 6:41 am
    34 Points

    1. Do you pay a flat fee for all referrals, or do you have a tiered approach? Do you mind sharing how much you pay?range from 1-6K

    2. Is anyone paying a higher amount for diverse referrals that are hired? No, it has been discussed and candidly that doesn’t feel right. Also as other mentioned would be very difficult to monitor and is better we just encourage employees to think of everyone in their network.

    3. Do you have a waiting period for payment or do you process the payment when the new hire starts?

    no we removed years ago. It’s actually more frequent that the employee happens to leave either before their referral starts or soon after and misses the bonus.

    4. Are HR employees, that are not directly involved in the hiring process, eligible for referral bonuses?

    all HR is eligible except recruiters.

  • Joseph Archila

    Member
    August 13, 2021 at 8:42 am Company: Marsh and McLennan Companies
    41 Points

    Hi Brooks – here is my response:

    1. Do you pay a flat fee for all referrals, or do you have a tiered approach? Do you mind sharing how much you pay? we have a tiered program based on the level of the role hired 1500, 3500 and 6000 max

    2. Is anyone paying a higher amount for diverse referrals that are hired? not at this time

    3. Do you have a waiting period for payment or do you process the payment when the new hire starts? paid after 6 months of service

    4. Are HR employees, that are not directly involved in the hiring process, eligible for referral bonuses? HR is NOT eligible for the bonus awards

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