How frustrating it is to have a perfect candidate to reject your job offer, while you are doing everything right and he/she seems ready to jump on board anytime?
Truth be told, most job seekers are willing to attend as many interviews as possible during their job search phases, regardless of the original offer and location of workplace. What is there for them to lose, right?
If your candidate ends up rejecting your offer, the followings might explain why.
- Unsatisfactory compensation and benefits
Rejection of job offer partly attributes to unsatisfactory compensation package. Top talents deserve better compensation, and they know their value well. If your remuneration package is not attractive enough, the candidate might think his/her skills are undervalued. Lowball offer is one of the mistakes that many company make. Avoid it by conducting market research to meet candidate’s salary expectations.
- Lack of cultural fit
High-achieving cosmopolites today are striving for work-life balance, and your candidate is no exception. If your company requires extreme and unreasonable working hours, it will discourage the candidate from taking the offer. Addressing your applicant’s concern, such as personal and family obligations, and striking middle ground are direct ways to increase the chances of job offer acceptance.
- Undesirable work location
Rejection of job offer does not necessarily relate to the salary and company culture. Work location matters as well. Spending an hour and a half commuting to work every single day is a daunting task. Imagine your candidate resides in eastern part of New Territories and your office situates in Hong Kong Island, traveling to work creates financial disincentives to take up the job. Although candidates tend to say that location would not be an issue during the interview, they often change their minds last minute if no extra compensation is provided.
- Hiring Process takes too long
If you snooze, you’ll lose. The market is a rapid-moving place where being responsive is the key to recruit talents. Lack of feedback after inviting an applicant for multiple rounds of interviews is a big no-no. It makes candidates question your sincerity of offering the job.
Screening and filtering candidates before making job offers are to your advantage. It avoids rejection of job offer as well as last-minute bailing out. Recruiters offer an objective and third-party perspective to meet both sides’ expectations, making life easier for talent-seeking companies.
As a hiring manager, there is a smarter way for you to reduce the offer rejection rate. Variables such as the location of the company and the reputation of your employer branding are beyond your control, but chances of getting the right candidate can be increased by speaking to the right people selectively before investing your time interviewing with the candidates.
By hiring a specialized recruitment firm, you can achieve this goal!