Employee Referral Program

Contact Person- Human Resource Manager 

Procedure:

All employees, other than the management staff are eligible for the referral fees on referring a candidate to the HR department for recruitment at Serpent Companies.

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

   
  Personally known to the XYZ employee who refers him/her.

    Have the XYZ referrer serve to personally vouch for the referee’s abilities.

    Be a new referral not a candidate already in the HR database.

    The referred employee should finish min 1 year of employment.

The referrer needs to fill up the employee referral form and submit to the HR department before the recruitment process begins. Referral forms can be obtained from the HR Department.

The referred candidate will undergo the standard recruitment process designated for the particular position. Recruitment will be based on the available vacancy at that point of time.

If the referred candidate is hired, the referrer is eligible to claim a referral fee as per the parameters defined below.    

Parameters:

The following is the referral fee applicable under this policy :

The payment to the referrer for a successful recruitment is made as follows –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 12 months.

The remaining 50 % of the referral fee will be paid to referrer, after the referee has completed 12 months in the company.

The referrer must be employed with company on the payroll for this payment to be made. The payment will become due to the referrer on the next regular payroll date. 

The employee referral compensation amount is subject to change at any time without notice based on the organization's needs.

Check with the Human Resources department for current referral fees and also whether the policy is active or not.