With an unemployment rate of 3.5 percent, almost every employer out there has been ghosted recently. Job seekers are optimistic about today’s job market and are taking risks when committing to job offers. So much so that 28 percent of candidates have backed out of a job offer after accepting it. And nearly half of those “ghosts” (44 percent) did so because they accepted a more lucrative opportunity. If you don’t want to join the 83 percent of employers that have been ghosted by candidates, here are three reasons why candidates are ghosting you.
The job market is scary good
With 7.1 million job openings throughout the country, there are literally millions of different opportunities out there. And with a 6.26 percent decrease in unemployment claims year-over-year, there isn’t an abundance of available workers. In other words, the labor market is a frightening place for employers. With so many job opportunities to pick from and a rapidly shrinking talent pool, job seekers have the luxury of being selective.
Your hiring process is driving candidates batty
If your process is too slow, you are more likely to be ghosted by your candidates. If it’s taking you weeks to reach out to candidates for a phone screening or an initial interview, you’re likely too late. Hiring managers are currently filling jobs in less than four weeks. So, if your process is taking much longer than that, you are probably going to miss out on candidates. Try to find bottlenecks in your process that are taking too long. Once you’ve identified hiccups, you can adjust your hiring process relatively painlessly to scare off the ghosts.
Your offer letters are full of cobwebs
In today’s market, you have to present candidates with a strong offer from the get-go. If you’re not competitive with your compensation or other benefits, you may be scaring job-seekers away. Many candidates are receiving multiple offers, so if you don’t provide a desirable offer quickly, they will join the 44 percent of job seekers that back out for more lucrative offers.
If your team is struggling to combat all of the job-seeking ghosts out there, reach out to a professional recruiting firm that specializes in your industry. We have all the tools your team needs to fight off the job seeking ghouls and goblins. Contact us today!