In today's economy, certain sectors thrive amidst global uncertainties, leading to a surge in demand for talent, particularly in IT, technology, and knowledge-based industries. This has transformed the job market into a candidate-driven arena, where employers face reduced options and heightened competition for skilled workers.
The offer-decline ratio emerges as a pivotal concern, reflecting the imbalance of power between employers and candidates. As candidates enjoy increased leverage, organizations grapple with rising attrition rates and soaring hiring costs. In this brief, we explore the implications of this trend and offer strategies for navigating the evolving dynamics of talent acquisition in a candidate-driven landscape.