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Why Do Candidates Decline Job Offers?
Many businesses will have felt the sting of rejection after their first choice candidate accepts a job offer elsewhere. However, you may be able to prevent this in the future if you know the causes.
Candidates often refuse job offers or drop out of the race early due to flawed recruitment processes. We can help you to mitigate this and win the top talent in your sector. So, what are the main reasons that a candidate refuses a job offer?
No Clear Career Trajectory
When considering a new role, regardless of the level, it is important that a candidate can see the opportunity to progress within the business. If they are unable to picture themselves improving professionally with you, top candidates will often look elsewhere for employment. Be sure that you highlight any opportunities for progression, training, and development during the interview process. This will showcase your investment in the position and that there is a path for the potential candidate to consider.
It is important to make sure that your business has clear branding and a good culture, as this is key to securing top talent in the market. Millennials especially are looking for a working environment that offers them personal enjoyment throughout their working day. It is important that during the interview process you are constantly selling your organization to the candidate. Portraying your company and office culture in an honest, but positive, light will encourage the candidate to be more excited about working with you. Why not invite the candidate into the office to meet the current team? This way they can get a feel for the environment and gauge what it would be like to work for you.
An Sub-Par Benefits Package
Benefits are slowly becoming just as important as salary to many members of the workforce. These elements of a job offer really do go a long way with the top talent. Consider the benefits package that you offer currently and work toward improving it. If you don’t yet offer comprehensive benefits, develop a package that works for your team. Top talent will be enticed by these elements of your offer, and it may even put you ahead of the competition. A comprehensive, flexible benefits package is an easy solution to winning the best talent.
A Slow Recruitment Process
The market of today moves extremely quickly, so top talent is hard to come by. It’s easy to miss out on the best candidate by balking or moving too slowly. If you are interviewing a candidate and find that they are perfect for the position, do not wait to offer them the role. They will probably be in other recruitment processes with your competition, and if they are offered a job elsewhere before you make yours, it is likely that they will take it. So make sure your recruitment process is efficient so you don’t miss out on the perfect candidate.
No Salary Benchmarking
Be sure that you are offering competitive compensation for the role for which you are hiring. If candidates feel as though they are being offered too little for their skills, or if they are offered a better salary elsewhere, you will not be their first-choice employer.
No Flexible Working Options
Millennials in particular consider flexible work to be an important part of their working life. Offering this within your business allows for a better work-life balance and a supportive working culture for your employees. Allowing your employees to start and leave early when they need to, or to work from home for a couple of days, really goes a long way in boosting morale and happiness within the team. It could even be a deciding factor in their choice to accept your offer.
If you would like to find out more about how to improve your recruitment process, get in touch with one of our specialist recruitment consultants today. For expert insights and top tips on securing top talent in today’s market, view all of our management advice here.