Time to hire is the time elapsed between engaging a candidate and then accepting an offer. By tracking this metric, you can answer questions like:
  • How long does it take you to spot that you have the right candidate?
  • How fast do you move when you find the right person?
  • Where are the bottlenecks in your hiring process?
Time to hire is measured from sourcing until their offer is accepted, not when they start their position, because there are a number of complicating factors. These may include obligations to a former employer, to personal commitments that are often beyond the recruiting team’s control. It’s measured from sourced/applied to the acceptance of the offer.