Home » Blog » Have you thought about offering your employees a Recruitment Bounty?

Recruitment Bounty is payable to an employee when they recommend a successful candidate for a role within your company.   Your employees know the culture, the roles, if they would be successful and the candidate will have loyalty to the employee as well as the company. Both parties benefit from this.

Before you put this in place you need to consider your normal recruitment process and how much you normally pay to recruit? Then you need guidelines in place some of them are the following

When is the fee is payable. This could be when you feel the candidate would have shown they can do the role, maybe after the probation period. You need to put a time frame on this.

How do you track who has recommended the candidate? Will the person applying say who referred them or do you ask your employee to complete a form?

How much should you pay for the Recruitment Bounty? You need to look at what you normally spend on recruitment and then see what you would like to pay. Is it a one off fee, payable over several months or is there a scale dependent on the salary.

There are many things to take into account but get it right and everyone benefits. We can help you, just contact us by filling out the form on the website www.hrbuscons.co.uk and we will send you guidelines.

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