Employee Referrals - How much does your company offer?
I'm working with my team to hopefully re-vamp our employee referral process and wanted to gain some insight, if possible, from other companies. If you would be willing to share what your company offers as an employee referral bonus, I would greatly appreciate it.
We offer our employees .25 for every hour and .37 for every overtime hour the new hire works in their first 90 days. If the new hire terms before the 90 days then the bonus is forfeited. It is a lot of tracking and calendar reminders, especially during our peak hiring season but finds this is more effective for retention than just an upfront referral bonus. The industry I am in is Theme parks.