It is often observed that people get confused between time to fill and time to hire, even the most experienced company faces this during its hiring process. At Transparent Tech, we have found out that both these are important parts of the hiring journey and you should take proper care of the time to fill up and time to hire. At Transparent Tech, we explain both these hiring processes in a way that a 10 year old can perfect their skills in understanding what’s time to fill and time to hire. Time to fill can be explained as the total time when you realize that you are in need of an employee till the time they come and sit at the table for the interview process. Time to hire is the time when the person you call for the hiring process says hello and prepares themselves for the questions you are going to ask them.
Time to fill?
Making sure that the existing workforce is not burdened by workload that comes with unfilled roles while minimising the productivity losses is what we call —time to fill—a strategy that’s critical for modern businesses.
Basically, it’s the entire picture of the hiring process from start to finish—whether it’s about negotiation of the final details, planning and looking for people and busy weeks of interviewing. This means that the clock is ticking through your whole journey—counting up each and every single day that passes from the very second a new job is approved and the perfect candidate says yes to your company’s offer.
Time to hire
This tells you exactly how fast you are moving once you have found someone you like and also focuses on the journey of the candidate rather than the whole planning process of the company. It’s the best indicator for interview efficiency—whether the recruiter reaches out to the candidates or they submit an application to the very first moment that person enters your world—until they finally accept your job offer.
Winning the talent war between companies is really important for you so maintaining a shorter time to hire can be a major advantage for you. In today’s market this somehow reduces the risk that you might lose your best candidates to the other companies who might be ready to make an offer. It’s about:
- a person’s experience
- measuring internal speed
- tracking if the pipeline entry
- The process feels fast and professional to an outsider.
How to improve?
- Trust your guts sooner and then make decisive final selection
- Do proactive candidate sourcing while keeping a list of great people
- Leveraging of advanced technology with fast moving candidates
- By using of smart tools accelerate the interview
FAQs
What is more important: time to fill or time to hire?
Both time to fill and time to hire holds equal importance because both solve different problems and help in the hiring process. Time to fill up is effective when you want to know for how long the vacant seats remain open. Time to hire tells you how the candidate is— their skills, behaviour, the way they talk and answer the questions you ask them during the interview.
Which time should I consider to be the best to hire?
Two to three weeks are efficient but it totally depends on your requirements for the role and how much time you need your vacant seats to be filled. But that does not mean you will rush through the hiring process, be patient-doctor and hire with care because it’s about the future of your company.
If I reduce the time to hire them will it help me increase the quality?
Yes, it can increase the quality of your hiring process if you reduce the delays and gaps between the interviews. Also be quick to answer if the candidates you have interviewed are selected or not.
If I take more time in the hiring process then will it hurt the image of my brand?
Yes, it can hurt the image of your company because it can show that your company is not interested in the hiring process as nowadays everybody uses social media and through social media anything spreads at 2x speed. With the help of social media people can see that your company comes under the uninterested one and therefore this can hurt the reputation of your company.
Conclusion
Before you start with your hiring process just make sure you have the proper knowledge of the importance of time to fill up and time to hire. If you make use of both the processes perfectly, then you can make your company grow and reach heights in the market. At Transparent Tech, we give you proper guidance on how you can manage the hiring process very nicely by knowing what’s time to fill up and time to hire. Adopt the latest tech staffing solutions so that you can have the best hiring system.
