Friday, October 07, 2005

Referrals bring in the moolah ...

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Juniper hands out $2,500 (Rs 1.1 lakh) to its employees for every referred candidate hired. At Cisco it is $2,000 (Rs 88,000). Chip-maker Intel pays a compartively modest Rs 40,000, while at Big Blue it is a combination of cash and non-cash incentives. While the traditional practice of rewarding referees continues to be popular, innovation is happening at the referral practice too. The Indian subsidiary of Juniper, the company that supplies networking and security solutions, recently had a bash for its employees at a fancy restaurant in Bangalore.

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Read the complete story here (Courtesy: Economic Times).

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