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Employee Referal Policy

The employee referral policy provides guidelines for rewarding employees who refer suitable candidates. All current employees can refer candidates except those in HR. If hired, the referrer receives 10% of the referred candidate's annual salary as a referral fee, paid in two installments after 1 and 3 months of employment. The referrer must still be employed when payment is made. HR determines if a referral fee is applicable and resolves any disputes.

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480 views4 pages

Employee Referal Policy

The employee referral policy provides guidelines for rewarding employees who refer suitable candidates. All current employees can refer candidates except those in HR. If hired, the referrer receives 10% of the referred candidate's annual salary as a referral fee, paid in two installments after 1 and 3 months of employment. The referrer must still be employed when payment is made. HR determines if a referral fee is applicable and resolves any disputes.

Uploaded by

shagungupta44
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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Employee Referral Policy

Date: 24thAugust 2010

Objective

To state the procedures and guidelines for rewarding those employees of COMPANY,
who help identify and attract suitable and competent talent in order to meet our resource
requirements at an optimum cost.

Eligibility

All current employees of XYZ of the Company are covered under this policy.

Exemptions

The following are ineligible to benefit from the policy:-

• Members of the Human Resources Department.


• Anyone else who is involved in the recruitment process

Procedure:

Contact Person - Human Resource Manager

In case the resume is already available in the data bank the referral process will be
terminated at this stage.

1. In order to be eligible for the payout for referral fee, referred candidates must:

(a) Be personally known to the NWTL employee who refers him/her.

(b) The referrer needs to fill up the employee referral form and submit to the
HR department. Referral forms can be obtained from Exchange Server.
(c) Recruitment will be based on standred procedure and based on position for
that vacancy available for.

(d) Application referred by any employee should be signed by him before


taking into consideration by the HR Department.

2. If the referred candidate is hired, the referrer is eligible to claim a referral fee as
per the parameters defined in policy. These fees are a matter of change time to
time based on the business and economic needs of XYZ Web Tech Ltd.

Parameters:

The following is the referral fee applicable under this policy:

S.No. Level at which the referred Referral Fee to the Referrer


candidate joins
1. For all levels 10 % of the Annual CTC of the
candidate.

3. The payment to the referrer for a successful recruitment is made as follows –


a) 50 % of the referral fee will be paid to referrer, after the referee has been in
the employment of the company for a period of 1 months.

b) The remaining 50 % of the referral fee will be paid to referrer, after the referee
has completed 3 months in the company.

4. The referrer must be employed with XYZ Web Tech Ltd on the payroll for this
payment to be made. The payment will become due to the referrer on the next
regular payroll date.

5. The employee referral compensation amount is subject to change at any time


without notice based on the organizations needs.

6. XYZ Web Tech Ltd will not enter into any debate with an employee who has
unsuccessfully referred a personal contact. In the event of any dispute, the
decision of the CEO will be final.
7. All recommendations made by XYZ Web Tech Ltd employees must come from
their personal contacts / connections and not through any recruitment agency.

Check with the Human Resources department time to time for current
referral fees.

EMPLOYEE REFERRAL FORM


Employee Referral form to be filled and submitted to the HR Dept. along with the
Resume, before or at the time of interview:

Name of the Applicant : ________________________________


Position Applied For : ________________________________
Applicant’s Address : ________________________________
________________________________
__________________________ Pin: ___________
Contact No : Land line: ____________________
Mobile: ______________________
Email ID : _______________________________
Current Organization, if any : ______________________________
Current Designation, if any :________________________________
Total Experience : __________________

Employees Information
Referred By : ___________________________
Designation of Employee : ___________________________
Email ID : ___________________________
FOR HR USE ONLY
Date of Referred Candidate Hire: __________

Department: _________________ Position Title: _______________

What fee amount is applicable: _______________________________

Date Referral Fee due to Referring Employee: ____________________

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