Thursday, May 14, 2020
6 Things to Include in Your Offer Letter
6 Things to Include in Your Offer Letter No one will deny that offer letters are an important component of the hiring process. If itâs your first time hiring or you just want to brush up on best practices, this article should help you do just that.After youâve spent tons of time finding candidates, interviewing them and negotiating the position with them, the last thing you want is to send a bad offer letter and have to start the process over again. Photo Credit â" Pexels.comThankfully, below are 6 things you need to include or address in your offer letter so that the candidate fully understands your offer and hopefully accepts!1. SalaryevalThis seems obvious but it should be stated clearly in the offer letter and if itâs a salaried position, stated in terms of annual salary.If itâs an hourly position, state the wage per hour.Also, include how and when the salary will be paid. Will they be paid monthly, biweekly or weekly?Finally, you should also mention if the salary will be paid in cash, check or by direct deposi t.All of this information will allow the candidate to fully understand how much they will be paid and how they will be paid which is a key consideration for most applicants.2. BenefitsJust like salary, all benefits should be clearly stated in the offer letter.Does the position include medical and dental benefits? Does your company have a 401K matching program? Does the candidate get to use a company car?evalAll of these are important considerations and can make the difference between a candidate accepting or declining a job offer.If you forget to include some of the benefits, you risk having the candidate turn you down for a more compelling job offer.3. Vacation and Sick DaysMany candidates like to know exactly how much sick time and vacation leave they have in a year.Making this explicitly clear will help the candidate make a better decision and prevent miscommunication and dissatisfaction down the line.4. Starting DateevalIncluding when the employee will start seems obvious but is also easily overlooked.If an employer youâre looking for the candidate to start next week and the candidate is looking to start in four months, there could be a real issue.Avoid this by clearly stating the start date in the offer letter.5. Title of the PositionThe title of the position is important.A title displays an employeeâs rank in an organization and allows them to further their career.As a result, donât use general terms like âweâre please to offer you a position with our company.âMake it clear exactly what the candidateâs title will be within the organization.6. InstructionsYou should include instructions on how an employee can accept the offer letter.Making it easy and fast for a candidate to accept makes it more likely they will.evalExplain where to sign the offer letter and where to send it once accepted.Next StepsThese six things to include will help you write a compelling offer letter that provides all the basic information a candidate needs to make their decision.But remember, an offer letter is simply an offer and you should be prepared for the candidate to come back with questions or to negotiate further which is usually a sign that a candidate is interested and serious about the position.We hope this article helps you write a more compelling offer letter, good luck hiring!
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