For Release: February 22, 1999
Altera Awards $10,000 Grand Prize for Employee Referral
- One Employee Takes Home a $10,000 Grand Prize for Referring a Successful Hire
- One Quarter of All Hires Come from Employee Referrals
San Jose, Calif., February 22, 1999 -- Altera Corporation (Nasdaq: ALTR) today announced that it has paid a $10,000 grand prize to one employee who referred a successful job candidate to Altera's Employee Referral Program this past year. The award reflects the company's continued recognition of referrals as a key tool for finding and hiring bright new talent. Roughly one-quarter of Altera's new-hires are identified through the referral program.
"It took several co-workers to convince me that I'd really won. I've never won anything before, so my immediate response was shock," said a smiling Celia Rodriguez, a senior accounting supervisor in Altera's finance department and this year's $10,000 winner. "With the winnings, I plan on taking my department out to lunch, and buying new furniture for my 6-foot-tall teenager who outgrew his current bed."
The $10,000 grand prize drawing is held early each year. Altera employees who referred a successful hire before September 30, 1998 were eligible for this year's grand prize drawing. Prior to the drawing, employees had already received awards between $500-$5000 per hired referral, based on the position the new employee filled.
"The employee referral bonuses and the $10,000 grand prize are well-spent incentives to help our employees refer qualified candidates," said Jack Fitzhenry, Altera vice president of human resources. "In our estimation, the Employee Referral Program has many advantages over other recruitment methods. For example, employees tend to only refer people they know will be successful."
Altera is currently hiring qualified people for a wide range of positions, both domestically and internationally. For a complete list of job opportunities, visit Altera's employment page.
About Altera
Altera Corporation, The Programmable Solutions Company™, was founded in 1983 and is a worldwide leader in high-performance, high-density programmable logic devices and associated computer aided engineering (CAE) logic development tools. Programmable logic devices are semiconductor chips that offer on-site programmability to customers. The chips are programmed using tools that run on personal computers or engineering workstations. User benefits include ease of use, lower risk, and fast time-to-market. The company offers the broadest line of CMOS programmable logic devices that address high-speed, high-density, and low-power applications. Altera products serve a broad range of markets, including telecommunications, data communications, computer peripherals, and industrial applications. Altera common stock is traded on the Nasdaq Stock Market under the symbol ALTR.
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