What is Time-to-Fill?
Time-to-Fill is the duration it takes to complete a job vacancy from the moment it's posted to the moment a candidate officially accepts the offer and starts working.
Frequently Asked Questions (FAQs)
How do you measure time to fill?
Measuring time-to-fill involves calculating the number of days or weeks it takes to move from the initial job posting to the candidate's acceptance of the offer. It's essentially the timeline from recruitment initiation to successful placement.
Why is it important to measure time-to-fill?
It provides insights into the efficiency of your recruitment process, helps in resource allocation, and aids in workforce planning. Additionally, it can identify bottlenecks and areas for improvement in your hiring process.
How to measure the average time-to-fill
To find the average time-to-fill, add up the time-to-fill for multiple job openings and then divide by the number of job openings.
How is time-to-fill different from time-to-hire?
Time-to-hire measures the period between a candidate's first interaction with your organization (e.g., application submission) to the moment they formally accept the job offer. Time-to-fill tracks the period between the job posting and the candidate's acceptance.
How can time-to-fill be reduced?
Reducing time-to-fill often involves streamlining the recruitment process. This can be achieved by optimizing job posting strategies, using technology to automate administrative tasks and improving collaboration among the hiring team. Additionally, maintaining a talent pipeline and continuously assessing and refining your recruitment procedures can contribute to shorter time-to-fill periods.
