Employees Referral Scheme

POLICY - EMPLOYEE REFERRAL SCHEME

General Employee referral scheme is being introduced with a view to involve all employees in recruitment process. The scheme is considered to be more economical, faster and cost effective as compared to traditional methods of resourcing through consultants, advertisements etc.

Objective To recruit manpower faster and economically through employee references.

Applicability This scheme shall be applicable to all the employees on permanent roll, project based and trainees across the company.

Process and Procedure:

• The entire manpower requirement will be notified company wide through the website, notice board and email in a prescribed format (Annexure -1) except in case of special manpower requirement that may be confidential in nature.

• Applications or resume shall be invited from the employees across the companies. Employees can also send CV of the candidates to Mr. V R Gopa kumar at Mumbai HO.

• Employee shall not refer any of their near relations (Like husband, wife, brother, sister, son, daughters etc) for the assigned post.

• It shall be prerogative of the HR Dept to scrutinize the profile and accept or reject profile, if it doesn't match to the job requirement/ position.

• HR Dept shall clearly record the name of the employee who has referred the candidate, along with date and other details.

• In case same candidate / profile are referred by two or more employees, the profile received first by the HR Dept shall be considered valid. It may be noted that the decision by the HR Dept / VP / Head - HR shall be final and binding and no questions whatsoever shall be entertained.

• The scheme shall not be applicable to employees posted to HR Department.

Not: the Annexure shall be given to the employees who wish to recommend their friend or relative. Therefore, kindly get in touch with human resources department to take a form.

Payment Procedure:

• Employee sponsoring a successful candidate shall be paid an amount of 30% of one month salary (CTC) of the new employee for each reference made and resulting into recruitment.

• The payment shall be effected only after three months of the candidate joining the Company.

• In case of the selected candidate leaving the organization with in three months of joining; no payment shall be made to the employee who had referred the candidate.

• The payment of incentive shall be made through the concerned employee's salary.

• In case of any dispute or issues, the decision of the VP / Head - HR shall be final and binding to all the parties.

Raminder Singh Sahota
Advisor (Legal, HR & Admin)
ITD-ITD CEM JV
New Delhi