Definition - What does Time-to-Hire mean?
Time-to-hire is a key human resource management metric for the recruitment function within the department. It is the duration of time that elapses between the initial contact with a job candidate up until the time that they accept the offer of employment. It is often seen as the efficiency metric of the recruiting team.
WorkplaceTesting explains Time-to-Hire
Time-to-hire is often used as a measure of recruiting team efficiency within the human resource department. It measures the rate at which a candidate is taken through the recruiting phase and, as a result, can assist human resource managers to identify any inefficiencies that exist within the process. It provides valuable insight into productivity and capacity. A lengthy time-to-hire value is often attributed to there being many steps involved in the process. The process can be further deconstructed into smaller phases such as interviewing or background checks so that inefficiencies can be honed in on and improved upon.