Here’s what a Company’s Referral Policy page should cover on the wiki:
1. Program Overview
- What it is: A brief explanation of the company's referral program, outlining its purpose and benefits.
- How to frame it: Mention that the referral program encourages employees to recommend qualified candidates from their network, rewarding successful hires. Highlight how this helps the company attract top talent while giving employees the opportunity to contribute to building the team.
- Example: “Our referral program rewards employees for helping us discover great talent. If you know someone who would be a great fit, refer them and get rewarded when they join our team!”
2. Eligibility Criteria
- What it is: Who is eligible to participate in the referral program.
- How to frame it: Clearly state which employees can make referrals (e.g., full-time employees, contractors) and if there are any exclusions (e.g., HR, hiring managers).
- Example: “All full-time employees are eligible to participate, except for HR team members and hiring managers involved in the specific role’s recruitment process.”
3. Referral Process
- What it is: Step-by-step instructions on how to refer a candidate.
- How to frame it: Provide details on how to submit referrals, such as a dedicated referral form, email submission, or HR software. Mention what information is required (e.g., candidate’s resume, contact details, role they’re applying for).
- Example: “To refer a candidate, simply fill out the referral form on [HR software] with their contact information and resume. Ensure you specify which open position they’re applying for.”
4. Referral Bonus Structure
- What it is: The rewards employees receive for successful referrals.
- How to frame it: Outline the financial or non-financial incentives offered (e.g., cash bonuses, gift cards, extra time off). Specify the amount or reward type, and when it will be granted (e.g., after the new hire completes 3 or 6 months).
- Example: “Employees will receive a cash bonus of ₹20,000 for every successful referral after the candidate completes 6 months with the company.”
5. Eligible Roles for Referrals
- What it is: A list of positions or departments open for referrals.
- How to frame it: Highlight which open roles are eligible for the referral bonus, and any specific positions where the company is actively seeking referrals.