What is an Offer Letter?
An offer letter is the first piece of document exchanged with a prospective employee after successfully getting through all the phases of a job interview. This official document proposes the applicable job conditions and elaborates on the key terms of employment for the employee to negotiate the offer.
According to Careerbuilder 2016, “After securing a job offer, 64% of candidates researched a company online to know more, and 37% said they will move on to another company if they can't find enough information on the offer letter.
That's the impact an offer letter has on your business, it can either tempt the best employees or drive them away!