Dear HR Friends,
Can you please forward some good attractive EMployee Referral policies....
we are planning change and keep effective policy
Also suggest me where i can see some of the best HR Policies and procecure, is it available somewhere on the net or books
Please revert back with your advise and suggestion
Regards,
Prashanth L M
From India, Bangalore
2Can you please forward some good attractive EMployee Referral policies....
we are planning change and keep effective policy
Also suggest me where i can see some of the best HR Policies and procecure, is it available somewhere on the net or books
Please revert back with your advise and suggestion
Regards,
Prashanth L M
From India, Bangalore
Hi,
The best part is to pay a standard amount to the employee who referred based on the position his candidate was observed for.
Suggetion of rates:
Junior Level - Rs.2500 per candidate
Middle Level -Rs. 5000 per candidate
Senior Level - Rs. 8000 per candidate
The payment can be given 1 month after the candidate has joined. Do have a check on the performance, attirtion etc on referrals. There are cases where employees take undue advantage of this offer! :D
Regards
Mariya
From India, Madras
The best part is to pay a standard amount to the employee who referred based on the position his candidate was observed for.
Suggetion of rates:
Junior Level - Rs.2500 per candidate
Middle Level -Rs. 5000 per candidate
Senior Level - Rs. 8000 per candidate
The payment can be given 1 month after the candidate has joined. Do have a check on the performance, attirtion etc on referrals. There are cases where employees take undue advantage of this offer! :D
Regards
Mariya
From India, Madras
dear Prashanth,
salient features of the scheme that i had formulated some months ago:
*amount available on reference Rs.18,000/-.
*maximum references that can be made in a financial year - 2 Nos.
*heads of depts where the candidate will be employed, business/functional managers, directors on the board and all hr employees not eligible for receiving payment under this scheme.
*payment is made to the employee referring if the referred candidate gets confirmed after 6 months probation period and the employee referring is on rolls of the company at that point of time.
*all payments made through salary and liable to tax in the hands of the employee receiving the said amount.
hope this is of some help.
regards,
mxsingh
salient features of the scheme that i had formulated some months ago:
*amount available on reference Rs.18,000/-.
*maximum references that can be made in a financial year - 2 Nos.
*heads of depts where the candidate will be employed, business/functional managers, directors on the board and all hr employees not eligible for receiving payment under this scheme.
*payment is made to the employee referring if the referred candidate gets confirmed after 6 months probation period and the employee referring is on rolls of the company at that point of time.
*all payments made through salary and liable to tax in the hands of the employee receiving the said amount.
hope this is of some help.
regards,
mxsingh
Hi Prashanth,
See if this helps!
POLICY
For every candidate referred, recruited and joining the Company, the employee will be eligible for the following awards:
Relevant Experience of the Selected Candidates Award
More than one year Rs. 50,000/-
More than three years Rs. 1,00,000/-
More than six years Rs. 1,25,000/-
POLICY GUIDELINES
The award will be paid to the employee subject to the condition that the referred candidate serves the company for a minimum period of three months
The employee entitled to the award should be on Rolls of the company at the time of disbursement of award.
The award amount is subject to deduction of applicable income tax at source.
Cheers
Asha
From India, Bangalore
See if this helps!
POLICY
For every candidate referred, recruited and joining the Company, the employee will be eligible for the following awards:
Relevant Experience of the Selected Candidates Award
More than one year Rs. 50,000/-
More than three years Rs. 1,00,000/-
More than six years Rs. 1,25,000/-
POLICY GUIDELINES
The award will be paid to the employee subject to the condition that the referred candidate serves the company for a minimum period of three months
The employee entitled to the award should be on Rolls of the company at the time of disbursement of award.
The award amount is subject to deduction of applicable income tax at source.
Cheers
Asha
From India, Bangalore
Hi Prashanth,
Here you go !!!!!
Employee Referral Policy:
Purpose:
To attract talent through referrals from employees
Eligibility
This scheme is applicable to all employees of (X Company), with the following exceptions.
1.Directors, Senior Managers are not eligible.
2.Members of HR are not eligible.
3.Managers referring employees for their own group are not eligible.
4.No referral bonus for referring freshers.
Guidelines:
1.The current Human Resource requirements will be intimated to all by HR. Please visit our website for details on open positions.
2.The softcopy of resume of referred candidates should be sent to
3.The first level screening of the resume would be done within 24 hours of the receipt of the resume. Further status on the referred candidate would be communicated within seven working days from the day after the first level screening.
4.All short listed candidates for the interviews would be intimated through mail, a copy of which would be marked to the referrer.
5.The referral amount would be paid only after three month's of successful completion of the referred candidate at Company.
6.The referral amount is subject to applicable taxes.
7.An employee who has submitted his/her resignation to (X Company) but has referred candidates who are yet to complete three month's stay in (X Company) will not be eligible for the referral amount.
8.If the same reference is received from different employees or vendors, the decision on which one to consider is based on the date of receipt of the resume.
9.The employee referral amount for any candidate who has been made an offer by (X Company) will be Rs 25,000/- only.
10. All contract Employees are eligible to referral amount mentioned in the Policy. The payment of the referral amount would be made to them through a cheque/ Bank Transfer.
11.Resumes sent to referrals are valid for a period of 3 months.
12.The amount of referral payable depends on the referral scheme applicable at the time the resume was referred or sent
13. This policy is subject to amendment without notice, however all such changes will be intimated to employees from time to time
Hope this helps :)
Regards,
Ali
From India, Bangalore
Here you go !!!!!
Employee Referral Policy:
Purpose:
To attract talent through referrals from employees
Eligibility
This scheme is applicable to all employees of (X Company), with the following exceptions.
1.Directors, Senior Managers are not eligible.
2.Members of HR are not eligible.
3.Managers referring employees for their own group are not eligible.
4.No referral bonus for referring freshers.
Guidelines:
1.The current Human Resource requirements will be intimated to all by HR. Please visit our website for details on open positions.
2.The softcopy of resume of referred candidates should be sent to
3.The first level screening of the resume would be done within 24 hours of the receipt of the resume. Further status on the referred candidate would be communicated within seven working days from the day after the first level screening.
4.All short listed candidates for the interviews would be intimated through mail, a copy of which would be marked to the referrer.
5.The referral amount would be paid only after three month's of successful completion of the referred candidate at Company.
6.The referral amount is subject to applicable taxes.
7.An employee who has submitted his/her resignation to (X Company) but has referred candidates who are yet to complete three month's stay in (X Company) will not be eligible for the referral amount.
8.If the same reference is received from different employees or vendors, the decision on which one to consider is based on the date of receipt of the resume.
9.The employee referral amount for any candidate who has been made an offer by (X Company) will be Rs 25,000/- only.
10. All contract Employees are eligible to referral amount mentioned in the Policy. The payment of the referral amount would be made to them through a cheque/ Bank Transfer.
11.Resumes sent to referrals are valid for a period of 3 months.
12.The amount of referral payable depends on the referral scheme applicable at the time the resume was referred or sent
13. This policy is subject to amendment without notice, however all such changes will be intimated to employees from time to time
Hope this helps :)
Regards,
Ali
From India, Bangalore
HI there,
See if this is of any use to you.
POLICY ON EMPLOYEE REFERRAL
1. Objective:
To state the procedures and guidelines for rewarding those employees of XYZ who help identify and attract suitable and competent talent, irrespective of the industry, in order to meet our resource requirements at an optimum cost.
2. Eligibility:
2.1 All employees including trainees on rolls of the companies are covered under this policy.
3. Procedure:
3.1 Employee may refer individuals who fit the specifications given in job descriptions for vacant positions which Human Resources posts from time to time. In case the resume is already available in the data bank, the referral process will be terminated at this stage.
3.2 The employee’s role will be limited to the submission of the resume of the candidate. After this the regular process of short listing and interviews will be applied to the referrals also.
Note : The employee making the referral will not in any way be involved with the interview or salary fixation of the candidate.
3.3 A referred candidate if selected in the company, results in the employee being eligible for a gift voucher as per table in Clause No. 4
4 Reward:
4.1 Points will be allotted to the employee for every selected candidate as mentioned below,
Candidate Level Points
Vice President & General Manager Twenty Five (25)
Senior Manager Twenty (20)
Manager Fifteen (15)
Assistant Manager Ten (10)
All Others Five (5)
4.2 These points will be accrued by the employee after 6 months, provided the candidate referred is employed with the company for three months. The employee will lose all points if the candidate leaves the company before completion of 3 months with the company.
•For an employee to be eligible for a reward he/she should have accumulated a minimum of 5 points during his/her tenure at ZTE
•Points will be translated into the following rewards
Points Reward
05 - 09 points Cash voucher worth Rs. 1500/-
10 - 29 points Cash voucher worth Rs. 6000/-
30 - 49 points 2 nights and 2 days (for two) stay in Hotel any where in India (Standard class) except Kolkata, New Delhi and Mumbai. / Cash voucher worth Rs 15000/-
> 50 Points 4 night and 4 days (for two) stay in Hotel anywhere in India & Nepal (Standard class) / cash voucher worth
Rs 20000/-
4.2.2.1The reward has to be one corresponding to the points accumulated. The employee is, however, not allowed to split the points into multiple rewards in the lower-point categories.
For example, an employee with a score of 39 points is entitled to a reward of 2 nights and 2 days (for two) stay in Hotel anywhere in India (Standard class) except Kolkata, New Delhi and Mumbai. He / she cannot take two gift coupons of Rs. 6000/- and Rs. 1500/-.
Once an employee converts his / her points into the corresponding reward, the employee’s score of points is reset to zero.
Note: The employee has to select the choice of hotel from the list given by XYZ. He/she cannot opt for any other hotel at any other location.
4.2.2.2 Travel: Employees with their companion will travel to the Hotel of their choice as per their travel eligibility in the business travel policy of the company.
4.2.2.2 Lodging: Employees will be reimbursed up to Rs. 1000/- for meals for two and Rs. 500/- (for one). Tea, coffee, soft drinks will not be reimbursed. However, no alcohol will be reimbursed for any employee.
4.2.2.3 Leave: Employees availing the reward will be granted leave as per their entitlements mentioned leave policy of the respective company. No extra leave will be granted over and above their entitlement.
4.2.2.4 All travel, boarding and lodging bills need to be submitted in original to the finance & accounts department by the employee, within seven days of his/her returning from the trip.
4.2.2.5 In case of an employee being unable to avail of the reward due to work exigencies or does not want holidays, the option of converting accumulated points into cash will be available as per the table below. This however needs the specific approval of the concerned Functional Head and the HR Manager
Option B:
Points Reward in Rs.
30-49 points 15,000/-
> 50 Points 20,000/-
Note 1 : Conversion from points to cash will be applicable only once every financial year i.e. March.
Note 2 : The employee will be eligible for the gift vouchers provided the candidate referred is employed with the company for three months.
5 OTHERS
All recommendations made by XYZ employees must come from their personal contacts/connections and not through any recruitment agency.
6 INCOME TAX
Rewards will be taxable as per taxation rules prevailing at that point of time.
7 EXCEPTIONS
Any exception to the above policy will need to be signed of by the Managing Director/ CEO as the case may be.
From India, Madras
See if this is of any use to you.
POLICY ON EMPLOYEE REFERRAL
1. Objective:
To state the procedures and guidelines for rewarding those employees of XYZ who help identify and attract suitable and competent talent, irrespective of the industry, in order to meet our resource requirements at an optimum cost.
2. Eligibility:
2.1 All employees including trainees on rolls of the companies are covered under this policy.
3. Procedure:
3.1 Employee may refer individuals who fit the specifications given in job descriptions for vacant positions which Human Resources posts from time to time. In case the resume is already available in the data bank, the referral process will be terminated at this stage.
3.2 The employee’s role will be limited to the submission of the resume of the candidate. After this the regular process of short listing and interviews will be applied to the referrals also.
Note : The employee making the referral will not in any way be involved with the interview or salary fixation of the candidate.
3.3 A referred candidate if selected in the company, results in the employee being eligible for a gift voucher as per table in Clause No. 4
4 Reward:
4.1 Points will be allotted to the employee for every selected candidate as mentioned below,
Candidate Level Points
Vice President & General Manager Twenty Five (25)
Senior Manager Twenty (20)
Manager Fifteen (15)
Assistant Manager Ten (10)
All Others Five (5)
4.2 These points will be accrued by the employee after 6 months, provided the candidate referred is employed with the company for three months. The employee will lose all points if the candidate leaves the company before completion of 3 months with the company.
•For an employee to be eligible for a reward he/she should have accumulated a minimum of 5 points during his/her tenure at ZTE
•Points will be translated into the following rewards
Points Reward
05 - 09 points Cash voucher worth Rs. 1500/-
10 - 29 points Cash voucher worth Rs. 6000/-
30 - 49 points 2 nights and 2 days (for two) stay in Hotel any where in India (Standard class) except Kolkata, New Delhi and Mumbai. / Cash voucher worth Rs 15000/-
> 50 Points 4 night and 4 days (for two) stay in Hotel anywhere in India & Nepal (Standard class) / cash voucher worth
Rs 20000/-
4.2.2.1The reward has to be one corresponding to the points accumulated. The employee is, however, not allowed to split the points into multiple rewards in the lower-point categories.
For example, an employee with a score of 39 points is entitled to a reward of 2 nights and 2 days (for two) stay in Hotel anywhere in India (Standard class) except Kolkata, New Delhi and Mumbai. He / she cannot take two gift coupons of Rs. 6000/- and Rs. 1500/-.
Once an employee converts his / her points into the corresponding reward, the employee’s score of points is reset to zero.
Note: The employee has to select the choice of hotel from the list given by XYZ. He/she cannot opt for any other hotel at any other location.
4.2.2.2 Travel: Employees with their companion will travel to the Hotel of their choice as per their travel eligibility in the business travel policy of the company.
4.2.2.2 Lodging: Employees will be reimbursed up to Rs. 1000/- for meals for two and Rs. 500/- (for one). Tea, coffee, soft drinks will not be reimbursed. However, no alcohol will be reimbursed for any employee.
4.2.2.3 Leave: Employees availing the reward will be granted leave as per their entitlements mentioned leave policy of the respective company. No extra leave will be granted over and above their entitlement.
4.2.2.4 All travel, boarding and lodging bills need to be submitted in original to the finance & accounts department by the employee, within seven days of his/her returning from the trip.
4.2.2.5 In case of an employee being unable to avail of the reward due to work exigencies or does not want holidays, the option of converting accumulated points into cash will be available as per the table below. This however needs the specific approval of the concerned Functional Head and the HR Manager
Option B:
Points Reward in Rs.
30-49 points 15,000/-
> 50 Points 20,000/-
Note 1 : Conversion from points to cash will be applicable only once every financial year i.e. March.
Note 2 : The employee will be eligible for the gift vouchers provided the candidate referred is employed with the company for three months.
5 OTHERS
All recommendations made by XYZ employees must come from their personal contacts/connections and not through any recruitment agency.
6 INCOME TAX
Rewards will be taxable as per taxation rules prevailing at that point of time.
7 EXCEPTIONS
Any exception to the above policy will need to be signed of by the Managing Director/ CEO as the case may be.
From India, Madras
Hi
You can pay 8.33 % of annual gross Salary to the candidate who has refreed the candidate.
Our you can make a base like
1-3 yrs exp - any position 3K
4-6 Yrs exp - any position 6k
or you can make a standrad payout like 5K but make the the clause the payment will made only once the candidate has joined for 90 days.
suggestions are welcomed
Vinay
From India, Hyderabad
You can pay 8.33 % of annual gross Salary to the candidate who has refreed the candidate.
Our you can make a base like
1-3 yrs exp - any position 3K
4-6 Yrs exp - any position 6k
or you can make a standrad payout like 5K but make the the clause the payment will made only once the candidate has joined for 90 days.
suggestions are welcomed
Vinay
From India, Hyderabad
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Employee referral scheme - cite hr.doc