The offer acceptance rate is becoming an increasingly vital KPI for HR departments across all industry sectors.
Offer Acceptance Rate (%) = (Number of Acceptances / Number of Offers) x 100
This ratio is used to evaluate the effectiveness of your overall recruitment strategy and helps determine the number of candidates you’ll need to interview and make offers to in order to achieve your recruiting goals. Equally important, improving your offer acceptance rate increases your ROI on talent acquisition.
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