I heard about referral bonus from a friend and I'm wondering what it is. Is it a kind of reward or incentive? How does it work and what are the benefits of participating in a referral bonus program?
6 answers
EnchantedSeeker
Tue Dec 17 2024
An employee referral bonus, or ERB, serves as a financial reward for employees.
Sofia
Tue Dec 17 2024
This incentive is offered to those who successfully refer qualified candidates to a company.
DondaejiDelightful
Tue Dec 17 2024
The bonus amount is usually calculated as a percentage of the new employee's starting salary.
PulseRider
Tue Dec 17 2024
The exact percentage can vary depending on the company's policies and the role being referred.
SamuraiWarriorSoulful
Mon Dec 16 2024
The payment of the ERB is contingent upon the new employee's tenure with the company.