Referral Policy
Objective
To lay down the guidelines on ‘Referral Policy’
Salient Features
• Candidates hired to experienced professional requisitions and with experience
are eligible for employee referral bonus.
• This policy does not apply to employee’s working in Human Resource function
and employees falling in Bands 3/2/1.(Senior Management)
• Policy does not apply to hiring managers (Team Leads/Managers referring for
positions that directly report to them).
• Referrers cannot participate in the hiring activity of the concerned referral and
must remain in active employment (active employment means the person is not
serving notice) with Pandit Ventures Pvt Ltd at the time of payment to be
eligible to receive the referral bonus
• If the referred candidate or the referrer is serving the notice period when the
award is due, then the referrer is not eligible for receiving the payment.
• In order to be eligible for the referral fee, referred candidates must be
personally/ professionally known to the employee who refers him/her
connections and not through any recruitment agency or external sources.
• The Referrer’s involvement is limited only to the submission of the resume to
HR Team.
• In case the resume is already available in the data bank the referral will not be
considered and informed to the respective employee within 2 weeks.
• Referral Rewards will be taxable as per taxation rules prevailing at that point
of time whenever applicable.
Validity:
• An employee referral is valid for 6 months & eligible for award provided the
applicant has not been referred to the company by any other source/s within the
previous 6 months.
• If more than one employee has referred the same candidate, then the employee
who first referred will be rewarded. In the event of any dispute, the decision of
the Head HR shall be final.
• The referred candidate and the referrer must be on the payroll when the
payments are made to the referrer after completion of 3 months and subject to
the payroll cutoff date.
Procedure
• An email requesting for employee referral would be circulated fortnightly to the
employees by the HR team
• Employee may refer individuals who fit the specifications given in job
descriptions for vacant positions through a link provided in the mailer or by an
email
• HR team will share a response on duplicacy and suitability for the vacant
position within 2 weeks to the referrer.
• Suitable candidates would be invited to participate in the selection process by
HR team.
• The candidate referred must fill in the candidate information form (Annexure
A) mentioning the source as employee referral and details of the employee
during the time of interview.
• The referred candidate will undergo the regular recruitment procedure as per
the norms and selection will be considered only if met with the requirements of
the existing vacant position.
• The employee making the referral will not in any way be involved with the
interview or salary fixation of the candidate.
• The HR team would inform the concerned referee upon selection of their
referral post sharing an offer to the candidate.
• The HR team and the referrer to followup with the candidate till on boarding.
• If the referred candidate is hired, the referrer is eligible for the monetary award
as defined below:
Position :
Astrologer ( 55181 & GS Talk) 2000 INR
Astrologer Web Full time 2000 INR
Executive & Sr Executive 1000 INR
Manager and Above 1500 INR
Formulated on Effective From Created by Approved by
1Apr2018 HR Manager CEO
Note: The Company reserves the right to amend, modify, and revise any or all clauses
of this policy depending upon market practices or exigencies of business.
