Almost Half of Candidates Reject Job Offers. Here’s Why

March 6th, 2014 | Articles, Hiring Resources | 1 Comment »

Reject Job Offers

An MRINetwork study surveying recruiters found that over 42 percent of candidates rejected job offers during the second half of 2013. Most occurred when candidates opted to take an offer from another company, bringing unfortunate recruiters on the other side of the aisle back to square one.

With that in mind, how can a hiring manager keep the best talent from drifting away before an offer is made?

Speed is an issue

Fox Business News reported on a similar survey that got to the crux of the problem: some hiring managers aren’t moving fast enough. Of the candidates surveyed in this separate study, 40 percent rejected an offer because another company finished its hiring process first.

At a glance, an extensive hiring process may seem like a practical idea. It errs on the side of caution and prevents a bad hire from happening in the first place. But the MRINetwork reports that most of the top candidates have several interviews scheduled in the same time frame. When vying for the best talent, the winner is inevitably the company that can outsprint all the others.

Don’t let candidates reconsider offers

That’s why, when you find someone who fits the nuanced criteria of your open position, you can’t lose any time.

“Slow hiring processes give candidates access to more options and more time to rethink their reasons for making a change,” said a recruiter in the MRINetwork survey.

That means, even if you are hedging your bets by interviewing multiple candidates at once, you need to pounce on a good candidate when he or she comes across your desk.

If you take too much time to vivisect the other talent, you may allow a great catch to swim just outside of your reach.

by James Walsh

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One Response to “Almost Half of Candidates Reject Job Offers. Here’s Why”

  1. J Harvey says:

    This happens very much in the IT field. You will initially hear from a Hiring Manager, go through either an on-site or Web-based interview, and then…
    nothing.

    Then 2-3 weeks (or more) you hear back from this Company and they’re ready to hire you, only you’ve accepted a position because for whatever varying reason, you accepted and have started.

    It’s extremely frustrating and can diminish the response from Candidates because of the significant delay in hearing back. It doesn’t instill any faith in the company from the candidate’s point of view.

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