There’s nothing more exciting than seeing your job posting go live and hoping enquiries and applications flow in.
However, in a competitive job market where candidates are scarce, it’s conceivable that applicants might withdraw their applications or drop out between the initial interview and the final offer.
The market is flooded with job opportunities, leading some candidates to actively interview for four or five positions simultaneously. Consequently, candidates can afford to be highly selective in choosing which opportunities to pursue and which to decline.
We are currently experiencing a highly competitive candidate market across all sectors. It’s imperative for organizations and businesses to retain top candidates throughout the hiring process.
Reasons candidates withdraw their applications & what you can do about it
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The process is too long
If other businesses turn around their hiring process quickly, a longer hiring process can make it harder for you to retain candidates.
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The organization does not provide extra perks or benefits
Candidates are increasingly interested in learning about the comprehensive benefits provided by an organization. Flexibility in terms of work hours and location are two highly valued perks.
Supplementary compensation may also include gym memberships or health insurance, while initiatives such as parental leave and volunteer days can also help to attract and retain candidates.
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The pay offered by other opportunities is more competitive
Salary plays a crucial role in both attracting and retaining talent.
Do research to ensure that your position is being advertised at an appropriate level within the current market. Be transparent with candidates regarding the salary for the role and have salary conversations up front.
However, it’s important to note that salary isn’t the sole factor. Even if there’s limited flexibility in salary negotiations, you might still be able to provide other appealing workplace perks or benefits.
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Lack of clarity around the role or opportunities for progression
A lack of clarity regarding the role or opportunities for advancement can result in candidates being lost.
It’s important to maintain consistency in your messaging with regards to your vision and expectations for the role. Make sure this information is clearly outlined in your job description and advertisements.
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Lack of communication throughout the process
Do not hesitate to reach out to candidates and inquire about their thoughts on the role. The main reason candidates withdraw from the process is due to lack of communication.
Informing candidates of their unsuccessful application is essential. This ensures transparency in your process and fosters a positive perception of your business and brand among candidates.
Given the current market conditions, it’s crucial to understand the reasons behind candidate dropout in the recruitment process. Recognizing the significance of clear communication, streamlined processes, and competitive offerings allows you to address these issues proactively and minimize the likelihood of it occurring within your business.
May this sharing provide benefits and guidance for you.
Related link: The Secrets To Efficient Employee Onboarding
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