Boost Your Offer Acceptance Rates with 5 Easy Steps
Boost Your Offer Acceptance Rates with 5 Easy Steps

Boost Your Offer Acceptance Rates with 5 Easy Steps

Offer Rejections Are the Mostly Costly Pitfall in Recruiting

The field of recruiting and hiring is filled with metrics. Time to hire, cost to hire, days to offer, qualified candidates per opening, retention rates, sourcing channel… the list goes on. All of these benchmarks are important to track and serve as great indicators for the overall performance of your hiring efforts. However, these numbers mean nothing if you can’t convert on one key metric - offer acceptance rate. Think about it, days to offer means nothing if no one is accepting those offers. You can’t even track time to hire if you aren’t making hires.

Additionally, a poor offer acceptance rate is the number one red flag for inefficiency. As a recruiter or hiring manager, the majority of your time and resources are spent finding the ideal candidate. Considering this, having that ideal candidate turn down your job offer at the last minute not only hurts on a personal level, but it is also one of the most costly pitfalls in recruiting.

Offer Acceptance Strategies Should Be Built Into the Entire Recruitment Process

For these reasons, it is absolutely vital that you build steps into your recruitment process to develop a certain amount of control and certainty over the acceptance of your job offer. This starts from the beginning, with the initial communication to your candidate, and it doesn’t end until your candidate’s first day. Throughout this entire period, you need to make sure that you are collecting all of the right information and re-affirming it with the candidate along the way. Doing so allows you to gauge their interest level, realize their motivators, and identify anything that they may be getting hung up on. Understanding all of this guarantees that you leave no stone unturned and enables you to avoid any surprises in the job offer stage. Below, we provide 5 secrets for how you can easily go about building offer acceptance strategies into your own recruitment process.

Step-by-Step Guidelines on the 5 Secrets for Boosting Your Offer Acceptance Rate

Like what you see in the infographic below? Download Newton's eBook for an in-depth look at the 5 secrets for boosting your offer acceptance rates.

Boost Your Offer Acceptance Rates


Contact Newton to Learn the Secrets of Boosting Offer Acceptance Rates

We can help you develop a consistent, systematic approach that will undoubtedly increase your job offer acceptance rates.

Guest Post by Danny Madigan, Marketing Associate

More to Discover

Banker

Paycor + Regions Bank: A Homerun Partnership for the Birmingham Barons

Paycor + Regions Bank: A Homerun Partnership for the Birmingham Barons

Providing fans with an unforgettable experience is paramount for the Birmingham Barons. From sales and ticket takers to concessions and ballpark operations the entire Barons staff plays a vital role in making home games at Regions Field a can’t miss event for the community. And as preparation starts for opening day, hiring takes off. With nearly 700 seasonal employees hired each year, the Barons rely on Paycor to help automate manual HR processes like payroll, reporting and timekeeping.Check out this video to learn how Paycor has increased efficiency and streamlined HR operations for the Barons.

Broker

How to Help Your Clients Prove Their Value to the C-Suite

How to Help Your Clients Prove Their Value to the C-Suite

HR professionals are sitting on a goldmine of data, but they’re constantly fighting an uphill battle when it comes to proving their value to the C-suite. For starters, they aren’t data scientists and often lack the support, resources and budget needed to make sense of the data, let alone measure its financial impact.In 2015, 20% of business leaders trusted HR to use data to anticipate and help fill talent needs. By 2018, that number dropped to only 11%. The problem is twofold: some HR teams (especially if you are a solo practitioner) still spend too much time on transactional HR functions that should be automated. That doesn’t leave a lot of time for much else. Secondly, HR often doesn’t have the tools they need to access or interpret...

The 25 Best HR & Recruiting Blogs

The 25 Best HR & Recruiting Blogs

The good news is, there’s so much great HR & recruiting advice out there. The bad news is, it can be as overwhelming as the Netflix homepage. To help you know where to start, here are our top 25 blogs. Tim Sackett About: Tim is a well known veteran in the HR & recruiting industry. Bringing over 20 years of experience to the table, he offers insight into every area of the HR & recruiting landscape in his popular blog “The Project”. His blog features a fun, conversational tone of voice that makes you feel like you are learning from a knowledgeable friend with years of experience and expertise in recruiting. Post Frequency: Daily Our Favorite Recent Post: Amazon just got 200,000+ applications and that is a giant problem! Fistful...

Interview Scorecards And Scheduling Tools

Interview Scorecards And Scheduling Tools

Interview Guides and Scorecards Paycor Recruiting’s Interview Guides and Scorecards improve new hire quality by allowing you to better prepare your team for interviews while also automating how you collect their feedback along the way. Interview scorecards help your team evaluate talent and predict the best hires in a variety of ways. Paycor Recruiting’s tools allow you to take a more strategic approach to hiring. Recruiters can better prepare their team for interviews and automatically gather hiring manager feedback. HR Directors can promote consistency in the hiring process and drive data-based hiring decisions. Executives can mitigate the risks of a bad hire and reduce turnover. Recruiters Improve interview skills Accelerate decision...