Time to Hire
Time to Hire is the Recruiting and Hiring metrics. It is about keeping track of how much time do candidates take to do the entire hiring process. This metric is often used as a ‘Time to Fill’. Time to hire is the kind of metrics that actually gives the idea of how good a recruitment team is doing. It is measured by sourcing until the acceptance of the offer. Time to hire can be tracked easily. It is important to track and measure recruiting metrics within a company so that one can rework and upgrade their recruiting metrics to the current industry standards.
How to measure Time to Hire?
Time to Hire is measured by the following formula:
- Time to Hire = Day candidate accepted offer – Day candidate entered the pipeline