Curious About Referral and Certificate Bonuses in MNCs? Let's Discuss Market Practices!

Hello, I was wondering if anyone can help with the amount. What is the market practice in MNCs for the referral bonus and the amount for earning the certificate (Certificate bonus)?

Thank you in advance!

Best, Sona

Hi, referral bonuses will vary from organization to organization based on the demand for a particular skill set.

Referral Bonus

A referral bonus is paid to any employee of the organization who refers a candidate for employment. If the referred candidate is selected, the bonus is paid to the concerned employee. The amount of the referral bonus is usually less than the cost of hiring through newspaper ads or any agency. It varies from organization to organization, typically ranging from 8 to 10% of CTC.

Regards, S K Bandyopadhyay