What is Time to Hire process?
The amount of time it takes for a new employee to be hired is commonly referred to as the “time to hire.”
Time to hire is one of the key recruiting and hiring processes. The time to hire process rate how quickly a company can select and hire the best candidate, the amount of time for the recruitment process will vary depending on the size of the organization.
Shorter time to hire is generally associated with smaller organizations with smaller applicant pools.
What is the difference between time to hire and time to fill?
There is a small but meaningful difference between time-to-hire and time-to-fill:
Time-to-hire starts at the date of publication of the first job ad, while time-to-fill starts at the submission of the official job request to HR.
Time to hire is necessary in order to find the best candidate for the job. By taking the time to interview multiple candidates and compare their qualifications, you can be sure that you are hiring the best person for the job. Additionally, time to hire allows you to build a good relationship with the candidate before they start working, which can help them feel more comfortable in their new position.