Download Offer Decline Rate Calculator Template In Excel

Offer Decline Rate Calculator is a simple excel template with predefine formulas to calculate percentage of offers declined during a recruiting process.

What is Offer Decline Rate?

Thus, Offer Decline Rate is an HR metric that provides percentage of offers refused by candidates for particular post or for multiple posts. It is just opposite of the Offer Acceptance Rate.

Moreover, Offer Decline rate gives an insight into your recruiting process and knowing possible reason for decline. It could be anything like better offers, work environment, better benefits and the reputation of the company in job market.

It is highly important that cause of decline should be known. The recruiter should be capable of knowing real answers from candidates. Moreover, The reason for not accepting your offer should not only be “accepted another offer”.

The maximum acceptable decline rate according to market study is 32%. Thus, this is consider for the post that involves more recruitments like sales, call centers, etc.

Formula To Calculate Offer Decline Rate

The Offer Decline rate is calculated in 2 ways.

1. Formula

2. Second Way to calculate ODR (Offer Decline Rate):

“1 – OAR(Offer Acceptance Rate)”

Offer Decline Rate Calculator Excel Template

We have create a simple and easy Offer Decline Rate Calculator excel template with predefine formulas. Enter few details and it will calculate ODR (Offer Decline Rate) for you.

How to use the Offer Decline Rate Calculator?

Thus, The details require to calculate the offer decline rate are:

  • No. of Declined Offers
  • No. of Total offers issued/extended.

There are 2 sections in this template

  1. Offer Decline Rate (General)
  2. Offer Decline Rate (Multiple Post)

1. Offer Decline Rate (General)

Therefore, Some posts like sales and other clerical jobs require multiple candidates for same title. This section is use for this and also calculate ODR in general.

Enter following details:

Job Post
No. of Offers Declined
No. of Offers Issued/Extended

Similarly, All above titles are self-explanatory. In job type, you can put either field or office. This shows the nature of job, whether it is an office job or field job.

2. Offer Decline Rate (Multiple Posts)

Thus, When your company has big workforce and there are multiple job offers then this section is useful to you.

Similar to above section, you have to enter the details only in the cells with light blue color. It will calculate offer decline rate for the particular post and also for your whole recruitment process as displayed in the last line.

Download this Offer Decline Rate Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Offer Decline Rate Calculator Excel Template

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