time to fill

Time to fill refers to the number of calendar days it takes to find and hire a new candidate is typically measured by the number of days between approving a job requisition and the candidate accepting your offer.

Some companies choose a different moment for the starting point of measuring time to fill. Other options besides having approved a job requisition include:

• a hiring manager submitting a job requisition for approval
• publishing a job opening online

Similarly, some organizations consider the starting date as the end of time to fill.

The key is to be consistent in your tracking and track all your openings the same way.

It is an excellent metric for business planning. Time to fill offers you a realistic view of how long it will replace a departed employee. It helps you plan your hiring efforts better and serves as a warning when your hiring process takes too long. In addition, it has a positive net effect on everyone’s time, as it means less overtime and greater stability.

It is also a crucial measurement for your recruitment experience, as 23% of candidates lose interest in an employer if they don’t hear back within one week. A further 46% become disinterested if they don’t hear anything within 1-2 weeks.