What is Recruitment Time-to-Fill?
Recruitment Time-to-Fill is the average number of days it takes to fill a job vacancy, from the moment the position is posted to when an offer is accepted. This metric is crucial for understanding the efficiency of your recruitment process and its impact on business operations.
How to Measure Recruitment Time-to-Fill?
Recruitment Time-to-Fill is measured by:
Total Days to Hire: Track the number of days between when a job is posted and when a candidate accepts an offer.
Average Calculation: Calculate the average time-to-fill by dividing the total number of days by the number of positions filled.
ATS Tracking: Use an Applicant Tracking System (ATS) to monitor and calculate time-to-fill for each position.
Number of Open Positions: Consider the number of open positions when analyzing time-to-fill, as roles with more vacancies may require a faster turnaround.
How to Improve Recruitment Time-to-Fill?
To reduce time-to-fill:
Streamline the Hiring Process: Simplify and accelerate steps in the recruitment process, such as scheduling interviews or reviewing applications.
Leverage Technology: Use automation tools and AI to screen candidates more quickly and efficiently.
Maintain a Talent Pipeline: Build and maintain a pool of qualified candidates to reduce the time needed to find and hire the right person.
Set Clear Expectations: Establish clear timelines and expectations for each stage of the hiring process with both candidates and hiring managers.