KPI Benchmarks : Job Acceptance Rate
- Benchmark Range
- Benchmark Average
- Benchmark Sample Size (n) 67
* Is High or Low Best: Higher is Better
Job Acceptance Rate
Job Acceptance Rate measures the number of job offers accepted in relation to the total number of job offers extended over the same period of time. A relatively low value for this metric is typically related to a few common factors, including inefficient interview processes and communications (i.e., not letting the candidate know what is expected during and after an interview, not providing the candidate with relevant information during the interview process, etc.), poor offers on the part of the company (includes what the candidate may feel to be sub-par payment, benefits, etc.), and long cycle times dedicated to hiring decisions. Each of these factors can lead to longer offer submission cycle times, candidate dissatisfaction with company offers and increased candidate frustration which can vastly increase the chance that the candidate will reject the offer put forth by a company and instead accept a position in another company.
The number of job offers accepted divided by the total number of job offers extended over the same period of time, as a percentage.
KPI Best Practices
- Develop good reputation among candidates based on interview experience, compensation, company culture, treatment of employees, etc.
- Offer competitive benefits and compensation packages to candidates compared to industry standards
- Implement career paths for employees to provide advancement opportunities within the company
KPI Calculation Instructions Job Acceptance Rate?
Two values are used to calculate this KPI: (1) the number of job offers accepted by candidates, and (2) the total number of job offers extended over the same period of time. Job offer letters are considered to be a formal written document sent by an employer to a job candidate selected for employment and typically contains the job description, salary, benefits, paid time-off information, work schedule, reporting structure, etc. Job offer letters must be signed and returned in order to illustrate a formal acceptance of the position.
KPI Formula :
(Number of Offers Accepted / Total Number of Offers Extended) * 100
Cost per Hire
The total cost of recruiting and hiring (labor, job postings, travel costs, etc.) for all open positions (front-line or entry-level staff, managers, directors and executives) divided by the...
KPI Type : Cost
Formula : Total Recruiting Costs / Number of Open Positions Filled
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