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Earning Extra With A Referral Bonus

on June 21, 2017

We could all use a little extra money once in a while, right? Well today I’m going to talk about one small way that some people can bring in a little extra: a referral bonus.

A referral bonus is a bonus that you receive when you refer a friend to work at your job and they get hired and stick with it for a certain amount of time (usually six months or one year)

Of course, this sort of bonus isn’t something that everyone can earn. Perhaps your company doesn’t offer signing bonuses, or perhaps you are self-employed. But, if you work in the corporate world, there is a good chance that your company will pay you to refer people to work there as well.

If you aren’t sure whether or not your company does this, talk to your human resources representative and find out whether or not it is offered and what the stipulations are.

Obviously, this sort of extra income is not an immediate cash-flow, and is only a one-time bonus (per employee that you refer). And of course there are other factors, such as if your friend even gets hired, or if they stay with the company the amount of months needed to earn the bonus.

Also, you should try to refer people that would truly be a good fit for your company. It is sort of a win-win, your company can gain a good employee, and you get a bonus as well as the pleasure of working with a friend/helping a friend get a job.

 

Have you ever earned a referral bonus? What are some other unique ways that you have earned extra income? I’d love to hear from you, so be sure to comment below!

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