“We are currently in a unique economic environment of simultaneous layoffs and hiring, and the risk of onboarding the wrong person is probably greater than it’s ever been,” said Kyle Holm, VP of Total Rewards Advisory at Sequoia. “Candidate Offers enables businesses to make an impactful first impression with candidates, where they can ensure the offer is competitive, and the candidate has tools available to understand their earning power.”
Candidate Offers is plugged into benchmarking data embedded within Sequoia’s People Platform. As recruiters build out individual Candidate Offers, they can strategically incentivize based on current market trends, benchmarks, specifics on what employees want, and more. On the receiving end, candidates get a full picture of their full compensation package including base salary, projected value of equity, fiscal value of medical benefits and more.
Regarded as the latest innovation in creating compelling offer letters, Candidate Offers has evolved the stagnant PDF to a fully interactive format that:
- Enables talent teams to easily track the offer lifecycle from internal approvals through candidate acceptance.
- Allows recruiting teams to fine tune the details that matter most to every candidate.
- Streamlines recruiting operations by efficiently managing offer reviews and capturing signoff from the right people before the offer is issued.
- Tracks offer outcomes and acceptance rates for better insights into the success of recruiting practices and hiring process.
