A former colleague of mine is looking for a new job, and I told him I think he'd be very happy taking one of several open positions at my current company. I believe the compensation, benefits and projects are in line with what he's looking for, and after describing them to him he does as well. As of right now he is intending on applying for the positions. My company offers incentives to current employees for recruiting new hires: if a new hire lists a current employee as having referred them to that position during the application process, and the new hire subsequently 'works out' (stays for a least 6 months), the company will reward the referring employee with a cash prize on the order of $1000. To my understanding, this is not an uncommon practice.
I'd like to tell my friend to list me as having referred him during his application (obviously) for the cash incentive. Because he's doing me a favor, I'd also like to offer to split it with him when I receive it (after taxes). My question is: is this unethical/illegal/inadvisable? My concern is that I may be creating some kind of hiring incentive that my company did not intend for or sanction (my company does not offer any kind of signing bonuses for these positions). Does anyone know of any laws relating to this gray area? Would I be unethical in doing this?