You’ve interviewed a couple of candidates for weeks on end. Started the process with a myriad of applications, and filtered those down to a few promising candidates that you’d like to put a face to. With countless resources poured in, not to mention the expenses of dealing with online background check companies, you never hear back from a potential employee once you hand them an offer. Worse yet, they accept the offer but never show up or decline it outrightly. What could you be doing wrong? How can you get a handle on this? Strap in as we discuss how an employee trust score platform could be the solution to your woes.
What acceptance/joining rate spells doom?
To work out your acceptance rate, take note of:
- How many job offers you send out
- How many of those are accepted
- Calculate accepted offers as a percentage of the total sent out
For your joining rate, on the other hand, compute employees who’ve shown up for work versus the total number of offers you sent out. A good benchmark for either would be a score above the 90% mark. Anything below that means some work still needs to be done. Ideally, and in a perfect world, the recommended acceptance rate would be 100%.
If you don’t have any means by which to track job offers, consider signing up for TRST Score. It lets you send and track job offers with ease for whatever need you may have.
Why you’re having problems with acceptance and joining rates
So why exactly are candidates not saying yes to you? And if they are, why don’t they show up? Here are some popular reasons that could be getting in the way.
1. Not getting the right fit
You may just be sending out applications to the wrong type of people. Typically, companies deal with a job offer rejection rate of 21.8%, with the major reason behind this being a non-exhaustive vetting process. Without an employee trust score checker to guide you, for example, it’s easier to send out applications to unideal candidates.
2. Unanswered questions that cast doubt
Companies often struggle to find the right balance between not being overly pushy to the extent of coming off as desperate and leaving enough room for candidates to make decisions on their own. In the end, candidates can feel isolated during the process and any lingering questions or concerns can remain unaddressed, leading to applicants rethinking their decision.
3. Applicants getting swayed by a last-minute offer
Let’s face it. Given that, on average, 118 applicants are vying for a single opening at any one time, your candidate likely sent out multiple job applications to boost chances. Just when they’ve accepted the job, a better last-minute offer might just clutch them away from your grasp.
4. Candidates knowing that they can get away with it unscathed
Unethical candidates like to feel out their options, accept a few offers, use those as leverage to land a more lucrative deal, then leave employers high and dry. They do so knowing that there are no consequences and we’ll discuss how you can change this with the background checker for employees, TRST Score. A lack of consequences fuels this endless cycle.
How to improve offer acceptance and joining rates forthwith
There’s a lot you can do to get those numbers up, and here are a few proven tips to start implementing today:
1. All you need is love
Be hands-on in the recruitment process and create a friendly line of communication that encourages your candidates to ask questions and seek help when they need it. Don’t let doubt dissuade your applicants. Be helpful, and ensure timely availability of assistance. An excellent recruitment process also bodes well for your corporate image overall and draws in the right type of candidates.
2. Tough love works wonders too
TRST Score is great for enforcing consequences for the action of candidates declining job offers, or accepting them and refusing to show up. This platform for professional background check services reduces the trust score of a candidate doing either of the aforementioned, thus dissuading future employers. With that in mind, your offer acceptance and joining rates are certain to flourish.
3. Reduce your time to hire
Traditional pre-employment background check services may take you anywhere between 5 days to as much as a couple of weeks, inflating time to hire across industries to approximately 3 to 4 weeks. While you’re at it, your competitors get a chance to poach your new hire. Therefore, use a platform such as TRST Score for instant employee background screening services to reduce your time to hire and eliminate poaching opportunities. On top of that, you can roll back your BGV costs by up to 80%.
4. Perfect your selection
The best way to avoid rejection is choosing the right kind of candidates in the first place. However, alienating the good from the bad isn’t always so clear-cut, and that’s where an employee trust score platform such as TRST Score steps in to clear things up. Via TRST score, you can:
- View experience certificates of candidates
- Access relieving letters and past employer opinions
- View candidate’s trust scores
Factor all these into your recruitment process and sit back as you reduce wrong hires (those likely to not show up) by up to 90% or more.
5. Make it worth their while
A key reason a potential employee may ditch you for a competitor is more lucrative compensation packages. Depending on how much control you have over these packages, it’s important to reevaluate your financial offerings to determine whether they pack enough punch to win over top candidates.
Also, compensation packages don’t just have to be monetary benefits. You can make yours irresistible through:
- Fair vacation time, including extra leave
- Assurance of growth
- Flexible working hours
- Free on-the-job training, etc.
Whatever you promise though, be sure you can live up to it. Otherwise, your retention rates will plummet.
How to Increase acceptance and joining rates by 75%!
TRST Score has been substantiated by industry heavyweights like Olympia, Monexo, and Shriram, to name a few, as a proven tool to raise your acceptance and join rates. Over the past couple of years, top companies have realized a 75% improvement in these rates, making TRST Score one of the best employee background screening services and trust scoring platforms on the planet. Sign up today at no cost.