Effective hiring is a common challenge business owners face today. Even with access to online recruitment applications, job boards, and LinkedIn employment functions, identifying and attracting top talent is costly and just plain difficult. While the pandemic certainly didn’t help, hiring obstacles run much deeper than fluctuating employment norms and mandates to return to the office. There are many factors working against your ability as a business owner to strategically build your team. So imagine the frustration when you leverage substantial time and resources to vet top talent, only to have the candidate decline your job offer. It can be a kick in the gut and a harsh mirror reflective of some deeper HR or cultural issues.
Sure it hurts to lose out on a single great candidate. But if declined job offers are more the norm than the exception, it is time to look inward to determine what is driving top talent away from your business.
While some reasons are more obvious than others, it is important to understand why the best job candidates may not want to work for you.
1. Salary Incommensurate with Experience
Reality check. Lowballing your top talent on initial salary offers can be a dealbreaker, even if you are open to negotiation. An out-of-touch offer can signal a lack of respect for both the position and the person to whom you are offering it. Regardless of how appealing the role, offer salaries to top talent that are at or above the market rate.
2. Poor Cultural Fit
For some reason, your business’s culture or work environment didn’t sit well with the job candidate. Perhaps they had issues with management styles or approaches to work-life balance. Maybe they sensed an incompatibility with the company vision or mission. This one is a little harder to identify, so make sure to do some digging if your hunch is that their issue is with your culture.
3. Ineffective or Lengthy Hiring Process
The hiring process can be painfully long. While you may have legitimate excuses for it, a prolonged hiring process threatens to turn off top candidates. Make sure that you create a hiring strategy that balances your need for time to vet top talent with your top candidates’ desire to get to work. Be clear from the onset about the time involved in hiring.
4. Too Many Interviews
We have all heard job candidates’ horror stories about the ten rounds of interviews they had to go through, only to not land the job offer. Excessive interviewing might signal to top talent that your business doesn’t value their schedule or that you are unable to make timely decisions. While a bad hire can be costly, too many interviews can be tough on the budget as well.
5. Uninspiring or Alienating Interviews
Many candidates are put off by mundane, non-engaging, or cursory interviews. If you conduct your job interviews as a perfunctory series of checkboxes, you risk losing out on top candidates who have an expectation of an authentic, engaging conversation.
6. Limited Work-from-Home (WFH) Options
Most every candidate desires flexibility. Give it to them if it makes sense to your business operations. If WFH or hybrid structures are just not feasible, understand that you may lose out on some of your top candidates. It is what it is.
7. Lack of Clear Upward Mobility
Many top job candidates are not only looking for a job, they are seeking a career with paths for growth. Don’t promise or suggest growth opportunities that don’t exist. However, if there truly is no growth potential within a role, it might be time to reconsider your HR strategy.
8. Absence of Authenticity and Transparency
The hiring process is a great way to demonstrate to top candidates how you communicate and interact as a business. If you are not providing them the information they require to make smart decisions about the role or if you are being obtuse about the hiring process or their candidacy, you are sending a strong, negative message.
9. Concerns About Company Stability or Leadership
Are there worrisome news articles regarding your business, the market, or you as the business owner? If so, don’t pretend they don’t exist, as top job candidates are often very well informed. If you are faced with negative publicity, address it directly during the interview process. It is a great opportunity to gain insight and perspective from the great thinkers you hope to bring on as employees.
It is hard to understand why your business lost out on top talent unless you ask the candidate. Let them know that while you are disappointed in their decision to decline your job offer, you appreciate their insight into the hiring process experience. Consider sending them a thank you note that expresses your gratitude for their candidacy and your eagerness to consider them for future opportunities that might better suit their needs.