Time to Fill a Job Opening

Lengthy hiring processes have long-lasting negative effects. Employers that are slow to move candidates through the hiring process lose the best talent to competitors that hire with greater speed. Equally detrimental is the burden that unfilled positions place on existing employees. Increased workloads are a drag on their productivity as well as engagement. In sum, when the hiring process is slow, employers put at risk not only their ability to secure the best new hires but also their ability to retain their top employees. Accordingly, it is essential that employers track hiring speed. 

This article describes how to measure hiring speed and offers tips for keeping the duration of your hiring process in check.

Calculation and metric values are provided.