{"id":83054,"date":"2022-09-22T21:14:53","date_gmt":"2022-09-22T19:14:53","guid":{"rendered":"https:\/\/factorialhr.com\/blog\/?p=83054"},"modified":"2022-11-18T17:08:32","modified_gmt":"2022-11-18T15:08:32","slug":"time-to-fill","status":"publish","type":"post","link":"https:\/\/preproduction.factorialhr.com\/blog\/time-to-fill\/","title":{"rendered":"What is time to fill and how do you calculate it?"},"content":{"rendered":"

The labor market is undergoing a huge transformation at the moment. This is due to economic instability, the impact of the pandemic, and changing employee expectations. As a result, employers need to adapt their recruitment strategies in order to remain competitive and attract top talent. But these strategies shouldn\u2019t stop at attracting the right talent – you also need to ensure you provide candidates with an efficient hiring experience. And part of this involves decreasing your time to fill so that you can get successful candidates through the door before one of your competitors makes them a better offer. In fact, recent studies have shown that <\/span>70% of job seekers lose interest in a job if they don’t hear back within a week from their interview<\/span><\/a>. If your time to fill is too long, then it is probably having a negative impact on the quality of your workforce.<\/span><\/p>\n

In today\u2019s guide, we are going to discuss what time to fill is and why this recruitment metric is so valuable. We will look at the differences between time to fill vs. time to hire and take a look at the benchmarks you should be aiming for. Finally, we will share a few tips to help you calculate and reduce your time to hire and convert more candidates into valuable members of your workforce.\u00a0<\/span><\/p>\n

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