What yield ratio best describes the relationship between offers made and hires accepted?

The yield ratio that best describes the relationship between offers made and hires accepted indicates how many offers are needed to result in a successful hire. In this case, a yield ratio of 1:3 signifies that for every three job offers extended, one candidate accepts the offer.

This particular ratio is important for organizations as it highlights the effectiveness of their recruitment process. A yield ratio of 1:3 can reflect a relatively efficient hiring process, where the company is able to convert a healthy percentage of offers into accepted positions. Understanding this ratio helps talent managers gauge their recruitment strategies, make informed adjustments, and improve their candidate selection and offer acceptance rates over time.

In comparison, the other ratios imply different levels of efficiency in the hiring process. For example, a 1:5 ratio suggests that a higher number of offers are necessary for each hire, indicating potential issues in the selection criteria or the attractiveness of the job offer. Therefore, a yield ratio of 1:3 is indicative of a balanced approach where the organization is effectively reaching out to candidates and successfully converting offers into hires.