January with The Fuse: Managing Candidate Experience to Land Top Talent
Fusion Recruiters, LLC
Proud to be published as a Top Retained Search Firm in 2023, 2022, 2021, 2020, 2019, 2018, and 2017
How Can Companies Capitalize on Candidate Experience to Set Themselves up for Success in 2023?
In the United States, 17.3 percent of job offers — over 1 in 6 — are rejected, according to Glassdoor data. And this number is only likely to increase with the current dynamic and competitive employment market. It is becoming more and more apparent that companies need to be more proactive in identifying a complete and accurate picture of candidate expectations as it relates to desired compensation, start date and other specifics that may factor into their decision-making process. The competition is fierce, so employers need to be progressive and creative in how and when they develop offer packages in order to hire top talent and meet and exceed hiring goals.
To avoid delays in offer decisions and potential offer declines, employers need to ensure they are taking the time to prepare for last minute concerns and hesitations by continuing to revisit candidate requirements and motivators throughout the entire interview process to promote transparency and ensure expectations have not shifted as they move into the final interview stage. Below are a few best practice questions that companies should be discussing with candidates prior to offer:
What is the candidate’s ideal start date and would they require flexibility to allow for holiday travel and time off?
Are they expecting a year-end bonus payout and how might that affect the timing of their decision? Is there ability to offer a sign-on bonus to compensate for a bonus they may be walking away from?
Do they expect a counteroffer from their current employer and would they consider staying if the employer came back with a competitive offer? What is the reason they’re considering outside opportunities and would that change with a counteroffer?
What other factors outside of compensation are most important to the candidate in considering this offer? (work location, benefits, PTO, work/life balance, long-term growth, etc.).
Are there any family or geographic concerns about the scope, schedule or location of this opportunity?
By anticipating these potential obstacles, it allows companies to present their strongest offer upfront and solve for potential areas of concern which creates a more streamlined and positive candidate experience. It also avoids delays that can be caused by the back and forth of the offer negotiation process. How has your organization solved for hiring challenges?
Take a look at who we are celebrating this month!
"Dear John": A Q&A section answered by our recruiting team!
"Are there certain questions I should ask during the interview?"
Some questions you may want to ask include...
"What should I expect after the interview?"