Using recruiting metrics effectively is about finding the signal in the noise. Hiring managers, business owners and recruiters need data that delivers actionable insights. Following the release of Workable’s new Reporting Center we’re taking an in-depth look at the four key performance indicators (KPI’s) worth tracking. This time we look in more detail at “time to hire.”
The proper role of metrics is to answer useful questions about your business. We have looked in detail at the KPI time to fill (number of days between publishing a job and making a hire) which is the critical metric for realistic business planning. While superficially similar, time to hire starts the clock ticking once you’ve already engaged with the candidate, so it tells you something different about your hiring process and recruiting team.