Time to recruit
Measures the number of days between the job ad is posted on internal or external recruitment channels and the date the candidate accepts the offer.
Calculation steps:
- choose a time frame
- for each position identify the date the job ad is posted
- for each position identify the date the candidate accepted the offer
- identify the number of days between the two dates
- average the number of days
Time to recruit = candidate offer acceptance date – job ad posting date
Depending on the recruitment process you can have some additional steps in this stage which require measuring:
- time to screen - the time dedicated to screen candidates
- time to phone screening - this step can include a phone interview and it is defined as the time dedicated to schedule the next step with the candidates that passed the initial screening
- time to test - depending on the level of the position this may be missing, may be present multiple times and can take different forms: psychometric testing, cognitive/numerical/logical abilities assessment, assessment center. It is advised to measure the time to set up testing (platforms, scheduling of consultants, etc.) the time to obtain testing reports/results, the average time for candidates to take the test.
Usually this type of granularity is obtained when using an Application Tracking System (ATS) and/or other platforms: recruitment managers, testing platforms, visualization platforms, etc.
Relevant dimensions: overall company, company levels, managerial and individual contributors, functional area, key jobs, department, job profile.
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