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Employee Referral Program Policy B

The bank has adopted an employee referral program to encourage existing employees to refer suitable candidates for job vacancies. The program allows all regular employees ranked from staff to officer to refer candidates by filling out a referral form and submitting the candidate's resume. Referred candidates who have not previously applied and are not in the existing recruitment database will be considered. There is no limit on referrals an employee can make, and the first employee to submit a referral will receive priority if multiple employees refer the same candidate. Employees who make successful referrals will receive incentives ranging from 2,000 to 7,000 pesos depending on the referred candidate's position and rank if hired.

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Mina Martinez
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240 views2 pages

Employee Referral Program Policy B

The bank has adopted an employee referral program to encourage existing employees to refer suitable candidates for job vacancies. The program allows all regular employees ranked from staff to officer to refer candidates by filling out a referral form and submitting the candidate's resume. Referred candidates who have not previously applied and are not in the existing recruitment database will be considered. There is no limit on referrals an employee can make, and the first employee to submit a referral will receive priority if multiple employees refer the same candidate. Employees who make successful referrals will receive incentives ranging from 2,000 to 7,000 pesos depending on the referred candidate's position and rank if hired.

Uploaded by

Mina Martinez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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POLICY The Bank shall adopt as one of its recruitment methods a cost-effective employee referral program

STATEMENT that encourages existing employees to refer suitable candidates for job vacancies in different units
in the organization.

GUIDELINES 1. Coverage. All regular employees with rank of staff to officer (AM-SM), may refer
candidates for job vacancies.

2. Referrer-employee shall fill out the Employee Referral Form ( ERF) and submit to
Recruitment & Placement Division together with the updated resume/CV of their referral.

3. Only applicants that have not been previously processed by HRG and/or those not in the
recruitment database (e.g., existing pool & applicants sourced from job portals) can be
considered as referrals.

4. There is no limit on the number of applicants an employee can refer. In case of multi-
endorsed candidate, employee who first submits the application shall be prioritized.

5. Incentive Package Matrix. Employees except from the Human Resources Group (HRG),
with successful referrals shall be given corresponding incentive based on the rank and
position of filled out vacancy.

Rank Position Incentive


Staff Clerks, Assistants, Associates, Specialists,
P 2,000.00
(NCI-SC) Coordinators
Officer
Operations & Backroom Support Positions P 4,000.00
(JAM-SM)
Officer P 4,000.00
(JAM-SAM) Revenue Generating Positions
Officer (i.e. Relationship Managers, Branch Managers)
P 7,000.00
(MGR-SM)

6. Processing of Payment. Recruitment & Placement Division shall facilitate and secure
approvals for the request for payment OPEX Approval Request Form ( OARF) via Manager’s
Check within thirty (30) days after the referral’s effective date of regularization. An email
advice shall be sent to referring employee once check is available.
Human Resources Group 1

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