At Logic Loops, we know that with the right people on board, anything is possible. The quality, integrity, and commitment of our employees has been the key factor in our company’s growth and market presence. By hiring the best people and helping them grow both professionally and personally, we ensure a bright future for Logic Loops and for the people who work here.
Employee Referral Bonus Program
Purpose:
The purpose of the Employee Referral Bonus Program is to provide an incentive award to a current employee in a full-time equivalent position who brings new talent to the company by referring applicants who are subsequently selected and successfully employed in a full-time position.
Eligibility and Participation:
Applicant – Applicants are persons not currently employed with the company.
Referring Employee – All employees in full-time positions are eligible to receive a referral bonus with the exception of at least the following:
- Directors and officers of the company
- Employees whose regular, recurring, jobs include the recruitment of employees
- Selecting manager/supervisor or other persons associated with the selection of the candidate
- All HR department employees
Positions – Positions eligible for this program are advertised through the company website
Referral Bonus Amount:
Under these guidelines, an employee may receive multiple bonuses, the total of which may not exceed $2,000 in any fiscal year.
Referral bonus payments may be paid in a lump sum or in periodic payments until the new employee has completed his or her probationary period. Payments cannot be made until the referred candidate has been employed for a minimum of one month. For example, a $500 referral bonus can be structured as follows:
- $250 referral bonus awarded after three months from the hire date.
- $250 referral bonus awarded after six months from the hire date.
