HR Glossary

What is Referral Policy?

A formal policy that governs how employees can recommend candidates for open positions, including eligibility rules, referral bonus amounts, payout timelines, and guidelines to ensure the process is fair, consistent, and free from favoritism.

Why it matters in hiring

Referral Policy comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.

Related terms starting with R

• Recruitment Funnel
• Recruitment Marketing
• Recruitment Process Outsourcing (RPO)
• Redundancy Pay
• Regulatory Compliance
• Relieving Letter
• Relocation Assistance
• Remote Work Policy

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