The employees know the needs and standards of the organization in the best possible way. Due to this reason, the employees may sometimes refer candidates for vacant positions in the company. The company may reward the employee if the candidate referred by that employee is selected in the organization. This process, however, cannot be done as one wishes.
The Employee Referral policy states the procedure for such referral, employee’s returns, and other rules and regulations that the employee must keep in mind. The company can use this policy as an assurance for the employees that the organization trusts their judgment. By definition, employee referral is an organized system that companies and organizations use to discover talented people by requesting their existing employees to recommend candidates from their existing networks.
The Employee Referral Policy will provide a bonus to a current employee who brings new talent to the company by referring applicants selected and employed. Employee referral programs increase internal resources and networks to find unique job candidates.
An Employee Referral Programs are considered one of the most reliable sources of recruiting new talents. ‘Name of the Company’ believes that the current employees can most precisely understand the nature and suitability of the ideal candidates that we require. This is therefore, a guide for the employees when they find a suitable candidate and want to refer them.
This policy emphasises on rewarding the employees who help identify and refer competent talent in order to meet our resource requirements at an optimum cost.
This policy covers all employees of ‘Name of the Company’, except Functional Heads, HODs, HR team, and those involved in the recruitment process of the candidate or can influence the recruitment of the candidate.
Employee may refer individuals who fit the specifications given in job descriptions for the notified vacancies. The referred candidate will undergo the regular recruitment procedure as per the norms and selection will be considered only if he/she meets the requirements of the existing vacancy. An employee’s involvement is limited only to the submission of the resume and will not in any way try to influence the selection process or compensation finalization of the candidate.
|Level||REFERRED FOR DESIGNATION||REFERRAL BONUS POINTS*|
|3||Executive; Officer||‘Number of points’|
|2||Assistant Manager; Deputy Manager; Manager||‘Number of points’|
|1||Sr. Manager; Dy. General Manager; Asst. General Manager||‘Number of points’|
The above terms are subject to modification/ amendments/ alterations/ by the Management at any time on Business/ Statutory requirements.
In case of any doubt, the interpretation of the above terms by the Head HR shall be final. No exceptions shall be permitted without specific written approval from the Head HR.