Recruiting metrics
Measure your recruiting efficiency with time to hire and time to fill metrics. Calculate the cost of vacancy and benchmark against industry standards.
When the job was posted/approved
When the successful candidate applied
Used to estimate daily vacancy cost
Override auto-calculated value if known
$0
Lost productivity during open position
Time to Fill
0 days
Job posting to offer acceptance
Industry Average Time to Fill
41 days
Time to hire and time to fill are two of the most important recruiting metrics, but they measure different things. Understanding both helps you optimize different parts of your hiring process.
Time to Fill = Offer Acceptance Date - Job Posting Date
This metric measures the total duration from when a job requisition is opened to when a candidate accepts the offer. It reflects your overall hiring process efficiency and is useful for workforce planning.
Time to Hire = Offer Acceptance Date - Candidate Application Date
This metric measures how quickly you move a candidate through your hiring process after they apply. It's a better indicator of your interview and decision-making efficiency.
According to SHRM and industry research, average time to fill varies significantly by industry and role:
Every day a position remains unfilled costs your organization money through:
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