When your company brings in candidates for interviews, those candidates are investing significant time and money to be considered for your open positions. Candidates can easily spend hundreds of dollars for an on-site interview between transportation, hotel stays, meals, and more. It’s only fair and respectful that your company reimburses candidates for these reasonable expenses in a timely manner.
However, some companies nickel and dime candidates when it comes to reimbursements. Unreasonable limits are placed on which expenses can be reimbursed and at what amounts; receipts requirements are non-negotiable, and the process takes weeks after the interviews are completed. This not only leaves candidates waiting anxiously to recover their costs, but it also sends the wrong message.
Candidates are assessing your company’s values and culture throughout the hiring process. Imposing strict limits or delays on reimbursements, even small ones, makes your company seem petty. It implies that you’ll likely take the same penny-pinching approach when it comes to employee expenses and compensation if they are hired. Top candidates will take notice of this red flag.
Instead, build goodwill through fair and fast reimbursement. Lay out your policy upfront so candidates know what to expect, emphasizing that reasonable expenses will be covered. Avoid setting strict dollar limits on meals, transportation, etc., as long as the costs are appropriate. To make your reimbursement process quick and easy, use an online submission form with fast payment turnaround. We would suggest Reimbi!😊
When candidates have a seamless experience getting reimbursed in a timely manner, it sends a positive message about your company’s culture and values. It shows candidates that you respect their time and financial situation, making them more enthusiastic about joining your team. You can’t afford to lose candidates over minor reimbursement hassles.
In the end, err on the side of showing generosity and understanding when it comes to interview expenses. Look at fast reimbursement as an investment in your employer brand and candidate experience. The small upfront costs create goodwill and positive buzz about your company. In the process, you’ll attract the best candidates who will reward your company many times over with their talents and contributions. Don’t let reimbursement be an obstacle in hiring the ideal candidates to move your company forward.