POLICY The Bank shall adopt as one of its recruitment methods a cost-effective employee referral program

STATEMENT that encourages existing employees to refer suitable candidates for job vacancies in different units
in the organization.

GUIDELINES 1. Coverage. All regular employees with rank of staff to officer (AM-SM), may refer
candidates for job vacancies.

2. Referrer-employee shall fill out the Employee Referral Form ( ERF) and submit to
Recruitment & Placement Division together with the updated resume/CV of their referral.

3. Only applicants that have not been previously processed by HRG and/or those not in the
recruitment database (e.g., existing pool & applicants sourced from job portals) can be
considered as referrals.

4. There is no limit on the number of applicants an employee can refer. In case of multi-
endorsed candidate, employee who first submits the application shall be prioritized.

5. Incentive Package Matrix. Employees except from the Human Resources Group (HRG),
with successful referrals shall be given corresponding incentive based on the rank and
position of filled out vacancy.

Rank Position Incentive

Staff Clerks, Assistants, Associates, Specialists,
P 2,000.00
(NCI-SC) Coordinators
Officer
Operations & Backroom Support Positions P 4,000.00
(JAM-SM)
Officer P 4,000.00
(JAM-SAM) Revenue Generating Positions
Officer (i.e. Relationship Managers, Branch Managers)
P 7,000.00
(MGR-SM)

6. Processing of Payment. Recruitment & Placement Division shall facilitate and secure
approvals for the request for payment OPEX Approval Request Form ( OARF) via Manager’s
Check within thirty (30) days after the referral’s effective date of regularization. An email
advice shall be sent to referring employee once check is available.
Human Resources Group 1