An offer letter is a document that the company gives to potential hires in order to offer them a position of employment. It is referred to as offer acceptance when the candidate accepts the offer. The offer letter acceptance rate is a metric used to quantify the rate at which chosen employees accept employment offers following interviews. The rate is referred to as the offer acceptance rate, or OAR.
The percentage of candidates who accepted the offer is shown by an OAR. A higher OAR rate indicates how appealing the job offers are and is evidence of a positive candidate hiring experience. Hiring qualified and desirable resources is extremely difficult if a company’s OAR declines.
