Increase the joining ratio post offer release

Introduction:

In today’s competitive environment and with many opportunities bombarded for applicants/job seekers, the challenge for each organization is not just rolling out an offer of employment but the real challenge is when the selected applicant joins the organization.

The phase in between the offer acceptance stage and applicant joins the company is to be considered as crucial.  Recruitment cost will increase if there is a less offer acceptance or less number of joinee after accepting the offer.  

Converting applicants into hires is more than a resume review and interview; it's the complete process of branding your company, qualifying the candidate, reviewing job fit and background, negotiation and Onboarding.

The phase starts once the selected applicant receives the offer and he/she accepts the offer.

Tips to increase the joining ratio:

1. Detailing about the compensation, role and responsibilities: Explain about the compensation package, benefits offered, statutory requirements, applicants roles and responsibilities, hierarchy and etc at the time of offer itself. Allow them a day to frame questions and then answer their queries or sometimes repeat the compensation package and etc.
2. Employer branding: Ensure you brand your company with providing a company brochure detailing about the company, benefits, culture and etc.
3. Meeting with peers: Arrange for an interactive session with the applicant’s peers. Ensure they provide a good detailing about the company including the benefits, culture, tools related to career development and growth
4. Provide a helping hand: Most of the applicants do not know how to approach about their resignation with their present organizations. Offer suggestions and guidance, but do not over indulgence in this matter.
5. Invite to employee events: Invite the applicants to join the employee events outside of office. Ensure you engage them with peers, hiring manager and senior management.
6. Follow-up: Ensure you set a schedule to follow-up with each and every applicant who accepts the offer till the day of joining. Allow employee referrals to follow up with their referred candidates. Also, allow staffing firms to follow up with their referred candidates.

Ensuring a great expression at this phase will definitely add lot of value to you and your organization’s brand. This will also make applicant’s make comfort and enable talent to think that this is the right organization for his/her career development and thus attract to join your organization.