Offer Acceptance Rate
2022 National Average Value
84
%
What is the Offer Acceptance Rate?
The Offer Acceptance Rate is the percentage of offers that were accepted. The metric can indicate the effectiveness of your organization’s value proposition, competitive levels of compensation, your ability to match talent to the appropriate role, and availability of similar roles in the market.
What is the average value of Offer Acceptance Rate?
According to the Saratoga Workforce Index, the national average Offer Acceptance Rate in 2022 was 84%.
What is the Offer Acceptance Rate by industry?
The Offer Acceptance Rate varies from about 74% for the lowest quartile in one industry to nearly 100% for another industry. If you need the Offer Acceptance Rate for your industry, please contact Saratoga.
Where can I get Offer Acceptance Rate benchmarks?
The annual Saratoga HR and Workforce Benchmarking Study releases the Offer Acceptance Rate benchmark for over 20 different industries each year. The national average is released as part of the annual Saratoga Workforce Index.
How is the Offer Acceptance Rate calculated?
The Offer Acceptance Rate is calculated by dividing the total number of offers accepted by candidates divided by the number of offers extended to candidates for non-contingent workers, excluding interns.
What does a low Offer Acceptance Rate mean?
A low Offer Acceptance Rate can indicate a lack of desirability of the company, misaligned role or compensation expectations, or a poor culture fit. It could also suggest that the company's employee value proposition is not effective, or that the company is not successful in matching talent to the appropriate role. It might also indicate a high availability of similar roles in the market, giving candidates more options to choose from.
What does a high Offer Acceptance Rate mean?
A high Offer Acceptance Rate is generally a positive indicator for a company. It suggests that the company is effective in its talent acquisition strategies, including its ability to match talent to the appropriate role, the attractiveness of its employee value proposition, and the competitiveness of its compensation packages. It may also indicate that the company is desirable to work for, and that the roles it offers are well-aligned with candidate expectations. Furthermore, a high Offer Acceptance Rate could suggest that there are fewer similar roles available in the market, making the company's offers more attractive to candidates.
What other benchmarks are relevant to Offer Acceptance Rate?
Other relevant benchmarks include
The Saratoga annual benchmarking study provides data for over 1000 different HR metrics. Contact us to learn more.
About the Saratoga Workforce Index
The Saratoga Workforce Index is an indispensable reference of national averages of 30 commonly requested HR metrics. Based on PwC Saratoga’s annual workforce benchmarking study of over 1000 metrics spanning hundreds of companies and over 20 industries, the Saratoga Workforce Index is your “quick start” guide to workforce benchmarks.
Download the guide to see the national averages for all of these:
- 90 Day Total Turnover Rate
- Average Number of Direct Reports
- Cost per Hire
- Director Headcount Ratio
- Executive Headcount Ratio
- Finance FTE Ratio
- First Year of Service Turnover Rate
- General & Administrative Function Voluntary Separation Rate
- Hire Rate
- HR FTE Ratio
- Information Technology FTE Ratio
- Labor Cost Revenue Percent
- Layers
- Learning & Development Investment per Employee
- Legal FTE Ratio
- Management Headcount Ratio
- Manager Headcount Ratio
- Offer Acceptance Rate
- One to Three Years of Service Voluntary Separation Rate
- Promotion Rate
- Racial/Ethnic Minority Headcount Percent
- Racial/Ethnic Minority Promotion Rate
- Racial/Ethnic Minority Voluntary Separation Rate
- Revenue per FTE
- Time to Accept
- Time to Start
- Turnover Rate
- Vacancy Rate
- Voluntary Separation Rate
- Women Executive Headcount Percent
- Women Headcount Percent
- Women Promotion Rate
- Women Voluntary Separation Rate
Need industry-specific benchmarks?
We provide these values as a reference point for discussions. However, given the high variance across industries, sizes and revenue, these national averages should NOT be used to make important business decisions or used in any formal reporting.
If you intend to use benchmarks for business decisions, please join Saratoga as a full member so you can have access to more specific comparison groups for each industry, revenue, size, profit/non-profit status and more. With a full membership, you’ll have access to over 1,000 metrics that are much more accurate and specific than a national average. The membership process is relatively simple, mostly automated and reasonably priced with a clear ROI.
Referencing Saratoga Workforce Index Data
If you choose to refer to these metrics in any of your materials, whether internally or externally, we ask that you include the following statement:
Excerpted from the Saratoga Workforce Index. © 2023 PricewaterhouseCoopers LLP, all rights reserved. Data is for discussion purposes only and cannot be used for investment decisions or financial evaluations.
You may include up to five metrics in any internal or external publication without any additional permissions. Contact us at saratoga@pwc.com if you want to use more than five or would like to reproduce the Saratoga Workforce Index in its entirety.
About Saratoga
Saratoga workforce and HR benchmarks provide reference points for executive-level discussions, context for people dashboards, and data to inform workforce and HR decisions. Hundreds of companies across over 20 industries trust Saratoga each year to supply over 1,000 validated workforce benchmarks around turnover, diversity, staffing, productivity, efficiency, fairness, and more.
Request a demo of Saratoga to get access to industry-specific benchmarks for up to 1000 benchmarks.