What is Temp to hire?
Time to Hire is an essential recruiting metric that tracks the duration a candidate takes to complete the hiring process—from the moment they enter the pipeline to accepting the job offer. Often confused with "Time to Fill," this metric specifically evaluates how efficiently a recruitment team operates.
Why Time to Hire Matters?
Evaluates Recruitment Efficiency: Helps assess how well the hiring team is performing.
Enhances Candidate Experience: A shorter hiring process improves engagement and retention.
Benchmarking & Optimization: Enables companies to refine hiring strategies based on industry standards.
How to Calculate Time to Hire?
Formula: Time to Hire = Date Candidate Accepted Offer – Date Candidate Entered the Pipeline