The folks over at Talent Board have been doing a great job highlighting key takeaways from their 2021 benchmark report with a 10-post series. If you’re not reading it, you should be. Part eight of their series focused on the offer and onboarding phases. Hint: they found that timing is everything.
While many organizations have risen to the challenge in ramping up their offer and onboarding phases, an almost equal amount are still lagging behind. In a surprising statistic, roughly 19% of employers took 3+ weeks after a final interview to extend an offer. In today’s market, that just won’t cut it.
Beyond securing your final candidate, their report found other benefits to speeding up your offer process. For example, candidates were much more willing to refer others to their new employer when they received a job offer within one week of their final interview.
There’s a clear link between a solid onboarding experience and a host of positives for employers (increased productivity, retention, and employee engagement, to name a few). Yet, despite this, only 63% of employers felt competitive with their onboarding process.
In a bit of great news, the report found that specialized marketing for new hires is up 11% from 2020. As the article notes, these approaches can help to boost brand affinity and retention, so we’re pleased to see this trend continuing.
We’ve just scratched the surface here, so be sure to read more from the source: 2021 CandE Research Takeaway #8: Timely Job Offers and Onboarding Make All the Difference
