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Earn Referral bonus

Hi Everyone, I'm looking for a HR Professional who can hire people (with backdoor options). Because nowadays people with good knowledge are not valued. Companies need experience only. How a fresher can get experience without anyone hiring them. This issue is not only for freshers, this is happening with the people who have experience and want to change their career field. Summary: You refer the people who are looking for a job they'll pay you a referral bonus. You got money, people got a Job. It's a Win-Win

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UneducatedCoder

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by PlumpBrush

Advanced Micro Devices

What Using/misusing employee referral policy has taught me.

So.. Around 2 years back I got my first payout of 50k as a referral bonus for a friend I referred to my company. Around same time.. My team had a few positions.. So i put it on linkedin and got a decent response.. Got another referral.. Next year.. I decided to scale it.. I started putting multiple posts on linkedin for positions across my company and started streaming the responses on google sheet. Having a big linkedin network of 20k helped. This year I scaled it to 4L a year... But then it all stopped after one fine day there was a HR circular to not undertake commercial level sourcing of profiles on linkedin.. And only refer ppl I know. It's a different matter that I could manage to source almost 20-40x more relevant profiles as compared to my HRs even with their third party agencies. More than half of my team members are my referrals :). While scaling this hustle.. This is what I learnt. 1) You will get lots of spam.. I feel sry for some candidates .. But sometime even civil grads will apply for semiconductor jobs. 2) Better to invite applications using a google form with proper filters.. Only serious ppl will apply. 3) Do not refer everyone.. Reduce your effort and only refer candidates who have a chance. 4) Engage with candidates, followup after interviews. 5) Do not trust your employer will automatically honor referral payouts if you don't track.. I literally lost more than 2L coz of inefficient referral tracking system. 6) Control your greed.. Even if you scale up.. Limit yourself to a decent no.. Say 2L a year.. Referral policy is for company's benifit.. They will shut you down one way or another if they find you are gaining. 7) Handling it at scale is a lot of work.