Time-to-hire is one of the key recruitment metrics — it measures how quickly a company fills an open position. The longer the recruitment takes, the higher the costs and the greater the risk that the best candidates will leave for the competition.
Time-to-hire (TTH) measures the number of days from publishing the job offer (or from accepting the recruitment request) to the time the selected candidate accepts the job offer. It differs from time-to-fill, which measures the time until the actual start of work.
Time-to-hire = Date the candidate accepts the offer − Date recruitment started
The average time-to-hire in Europe is around 25–40 days depending on the field and position. Technical positions (IT, engineering) tend to have a longer TTH (40–60 days), administrative or manual positions a shorter one (10–20 days).
A company is looking for a product manager. The recruitment takes 68 days. After 5 weeks, the top candidate accepts an offer from the competition. Analysis shows that the delay was caused by 3 rounds of interviews and a 10-day wait for management to approve the offer. Reducing it to 2 rounds and pre-delegated approval authority lowers the TTH to 35 days.
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