Korbit Offers Bitcoin Employee Reference Rewards

A leading South Korean crypto trading platform has taken a somewhat novel approach to hiring new staff – by offering bitcoin (BTC) rewards for staff members who recommend new hires, and handing out BTC to staff members who work as interviewers during the recruitment process.

Per media outlet EBN, the crypto talent pool is becoming increasingly narrow, with a number of competitive exchanges competing for a relatively tiny number of senior or experienced developers.

As such, the Digital Currency Group-backed Korbit, one of the largest exchanges in the country, has decided to test a means of tapping into its employees’ social and professional networks – using bitcoin as an incentive.

Korbit has offered a BTC 1 in finders’ fees for people who successfully recommend a candidate for a senior platform or iOS development role.

The outlet quoted a Korbit spokesperson as confirming that “recommenders can receive 1 bitcoin through a new referral system.”

However, there appears to be a caveat: Korbit will only pay out the bitcoin bounty after candidates complete their probationary training periods and are granted full-time employee status – a process that typically takes between two and three months.

Staff members who agree to act as interviewers in HR hiring drives can also expect satoshi payouts – with a bonus of over USD 25 worth of bitcoin paid out to those who agree to grill candidates as part of interview panels.

The same media outlet claimed that employee referral programs are also being implemented at rival exchange Flybit – with finders’ fees of up to USD 8,000 up for grabs for senior executive roles. However, it appears that these hefty rewards are offered in fiat, rather than crypto.
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