Offer Decline Rate Calculator is a ready-to-use excel template with predefined formulas to calculate the percentage of offers declined during a recruiting process.
Before we proceed further let us understand the term.
What is Offer Decline Rate?
Offer Decline Rate is an HR metric that provides the percentage of offers refused by the candidates for a particular post or for multiple posts. It is just the opposite of the Offer Acceptance Rate.
Offer Decline rate gives an insight into your recruiting process and knowing the possible reason for the decline. It could be anything like better offers, work environment, better benefits or the reputation of the company in the job market.
It is highly important that the cause of decline should be known. The recruiter should be capable of knowing real answers from the candidates. The reason for not accepting your offer should not only be “accepted another offer”.
The maximum acceptable decline rate according to the market study is 32%. This is to be considered for the post that involves more recruitments like sales, call centers etc or considered for total declines during a specific period.
Formula To Calculate Offer Decline Rate
Offer Decline rate can be calculated in 2 ways.
2. Second Way to calculate ODR (Offer Decline Rate):
“1 – OAR(Offer Acceptance Rate)”
Offer Decline Rate Calculator Excel Template
We have created a simple and easy Offer Decline Rate Calculator excel template with predefined formulas. Enter a few details and it will calculate the ODR (Offer Decline Rate) for you.
You can download other useful HR Metrics Templates like Promotion Rate Calculator, Retention Rate Calculator, New Hire Turnover Rate Calculator, Job Vacancy Rate Calculator and many more from our website.
Let us understand how to use this Calculator in details.
How to use the Offer Decline Rate Calculator?
The details required to calculate the offer decline rate are:
- No. of Declined Offers
- No. of Total offers issued/extended.
There are 2 sections in this template
- Offer Decline Rate (General)
- Offer Decline Rate (Multiple Post)
1. Offer Decline Rate (General)
Some post like sales and other clerical jobs require multiple candidates for the same title. This section can be used for that and also calculate ODR in general.
Enter the following details:
No. of Offers Declined
No. of Offers Issued/Extended
All the above titles are self-explanatory. In job type, you can put either field or office. This shows the nature of the job, whether it is an office job or a field job.
2. Offer Decline Rate (Multiple Posts)
When your company has a big workforce and there are multiple job offers then this section can be useful to you.
Similar to the above section, you have to center the details only in the cells with light blue color. It will calculate the offer decline rate for that particular post and also as a whole for your whole recruitment process as displayed in the last line.
In addition to the above, you can also download Excel templates in other categories like HR and Payroll, Financial Analysis, Financial Statements, etc
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