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Sourcing Channel Efficiency
Interview-to-Offer Ratio
Recruiting Conversion Rate
Job Offer Acceptance Rate
Hiring Manager Satisfaction
Trial Conversion Rate
Time to Hire
Cost per Hire
Time to Hire
To calculate the average time per hire, take the total number of hours or days needed to fill vacancies throughout a certain period (f.e. month) and divide by the total number of vacancies.
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More about Average Time to Hire
How often to calculate: monthly or quarterly.
Healthy rate: 20 days.
Time per hire is a standard recruiting factor. It measures the number of days between the date a candidate responds to a job (or a recruiter's response to a job seeker's CV in a self-search) and the date that candidate accepts the job offer. Thanks to this indicator, you can identify gaps in the recruitment process or set up a recruiter’s KPI for different vacancies.