How To Calculate Offer Acceptance Rate in Kantana | Arithmix

Calculating offer acceptance rate is an important metric for any business or organization that is looking to hire new employees. It can help you understand how effective your recruitment process is and identify areas for improvement. In this article, we will explain what offer acceptance rate is, why it is valuable to calculate, and how to calculate it in Kantana.

What Is Offer Acceptance Rate?

Offer acceptance rate is the percentage of job offers that are accepted by candidates. It is calculated by dividing the number of job offers that are accepted by the total number of job offers made. For example, if you made 10 job offers and 8 of them were accepted, your offer acceptance rate would be 80%.

Offer acceptance rate is an important metric because it can help you understand how attractive your job offers are to candidates. A low offer acceptance rate may indicate that your job offers are not competitive enough, or that there are issues with your recruitment process that are turning candidates away.

When Is It Valuable To Calculate Offer Acceptance Rate?

Offer acceptance rate is valuable to calculate in a variety of situations. For example, if you are experiencing a high rate of candidate dropouts during the recruitment process, calculating your offer acceptance rate can help you identify where in the process candidates are dropping out and why. This can help you make changes to your recruitment process to improve your offer acceptance rate.

Offer acceptance rate is also valuable to calculate if you are looking to benchmark your recruitment process against industry standards. Knowing what the average offer acceptance rate is for your industry can help you understand how competitive your job offers are and identify areas for improvement.

How to Calculate Offer Acceptance Rate in Kantana

Calculating offer acceptance rate in Kantana is a straightforward process. First, you will need to gather data on the number of job offers made and the number of job offers accepted. This data can be found in your recruitment software or applicant tracking system.

Next, divide the number of job offers accepted by the total number of job offers made, and multiply the result by 100 to get your offer acceptance rate as a percentage. For example, if you made 10 job offers and 8 of them were accepted, your offer acceptance rate would be 80%.

It is important to note that offer acceptance rate should be calculated over a period of time, such as a quarter or a year, to get an accurate picture of your recruitment process. Calculating offer acceptance rate for individual job openings may not provide a complete picture of your recruitment process.

In conclusion, offer acceptance rate is an important metric for any business or organization that is looking to hire new employees. By understanding what offer acceptance rate is, why it is valuable to calculate, and how to calculate it in Kantana, you can improve your recruitment process and attract top talent to your organization.

How Do You Calculate Offer Acceptance Rate in Kantana

Kantana itself isn’t naturally geared towards letting you calculate complex metrics like Offer Acceptance Rate. As an alternative, teams typically use products like Arithmix to import data from Kantana and build out dashboards.

What is Arithmix?

Arithmix is the next generation spreadsheet - a collaborative, web-based platform for working with numbers that’s powerful yet easy to use. With Arithmix you can import data from systems like Kantana, combine it with data from other systems, and create calculations like Offer Acceptance Rate.

In Arithmix, data is organized into Tables and referenced by name, not by cell location like a spreadsheet, simplifying calculation creation. Data and calculations can be shared with others and re-used like building blocks, vastly streamlining analysis, model building, and reporting in a highly scalable and easy to maintain platform. Data can be edited, categorized (by dimensions) and freely pivoted. Calculations are automatically copied across a dimension - eliminating copy and paste of formulas.

Arithmix is fully collaborative, giving your entire team access to your numbers and the ability to work together seamlessly.

Calculating Offer Acceptance Rate in Arithmix

Calculating metrics like Offer Acceptance Rate is simple in Arithmix. Once you've created your free account, you’ll be able to import your Kantana data, and use it to create natural language formulas for metrics like Offer Acceptance Rate.

Arithmix is designed to give you the power to build any calculations you want on top of your Kantana data, while also being easy to use and collaborate on. You can share your dashboards with users inside and outside of your organisation, making it easy to empower your whole team.