Employer Ghosting: The Challenges and a Blockchain-Based Solution
The Losses Incurred from Employer Ghosting
Employer ghosting, a phenomenon where an employer abruptly cuts off communication with a job candidate after extending a job offer, has become alarmingly prevalent in professional settings. This disturbing trend leaves candidates stranded and wondering what went wrong, but the impact extends beyond individual experiences.
In recent years, several newspapers have reported on the losses incurred by both individuals and businesses due to employer ghosting. According to a study by The New York Times, over 40% of job offers are withdrawn by employers without any explanation, causing candidates to waste significant amounts of time and energy in the job application process.
Furthermore, these ghosting incidents result in monetary losses. The Wall Street Journal estimates that each ghosted job offer costs a business an average of $18,000, taking into account the expenses associated with candidate screening, interviews, and potential relocation.
The Offer Ghosting Platform: A Blockchain-Based Solution
In response to the alarming rate of employer ghosting, Sumeru Digital has developed the Offer Ghosting Platform—a revolutionary solution that leverages the power of blockchain technology.
Using Hyperledger Fabric, a private blockchain framework, the Offer Ghosting Platform ensures transparency and immutability in the hiring process, mitigating the risks of employer ghosting.
Key Features of the Offer Ghosting Platform
- Report Candidate Ghosting: The platform allows employers to report instances of candidate ghosting, anonymously if desired. This enables businesses to share their experiences and warn others of potential ghosting employers.
- Find Candidates Trust Score: Employers can access a trust score associated with each candidate, providing insight into their reliability and commitment based on their past interactions and feedback from other employers.
- View Candidate History on Blockchain: Employers can review a candidate’s history on the blockchain, including their interview performance, job offers, and any instances of ghosting or unprofessional behavior.
The Utility of the Offer Ghosting Platform
The Offer Ghosting Platform offers a holistic solution to combat employer ghosting and its consequences. By utilizing blockchain technology, it establishes a trusted ecosystem where transparent and fair hiring practices are encouraged.
By signing up for a free trial on the Offer Ghosting Platform, business owners can contribute to eliminating this pandemic-like problem in the business world. Every reported ghosting incident helps increase awareness and accountability, ensuring that employers uphold their work commitments.
If you have experienced employer ghosting in the past or recently, report it on the Offer Ghosting Platform to make a difference. Together, we can restore trust and reliability in the hiring process.
