This measure calculates the number of days elapsed between the moment a recruiter is notified that an organization needs to fill a specific vacancy and when a candidate completes the interview process and accepts the position. It is part of a set of Cycle Time measures that help companies analyze the duration of the process "recruit, source, and select employees" from beginning to end.
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Cycle time in days from approval of job requisition to acceptance of job offer
For the purpose of this survey, the job requisition refers to the notification of recruiters that the organization has a need to fill a specific vacancy.
Job Offer Acceptance
Job offer acceptance indicates the acceptance by the candidate of a job offer made based on interviews.
Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.
The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.