Hiring in this competitive market is a challenging task. And recruiting managers are constantly under pressure to demonstrate ROI more than ever. They use pre-employment assessment software for quality hiring and turn to accurate recruiting metrics, including time to hire to increase recruitment efficiency, improve ROI, and identify bottlenecks.
But what is the time to hire?
Time to hire is a recruiting metric that measures the number of days from when a candidate applies for a job to the time the candidate accepts the job offer.
Generally, the average time to hire depends on the industry. Some industries’ metrics are as low as 12 days, while others range up to above 40 days. The average time to hire across industries is around 34 to 36 days. However, there are reasons why it is better to outperform your industry standard.
Time to Hire vs. Time to Fill
Time to fill and time to hire are separate metrics that provide different insights. Measuring the time to fill begins when a job opening is posted and ends when a candidate accepts the offer. And time to hire is the number of days from when a candidate applies to accept the offer. Time to fill is always longer than time to hire.
Also, read Cheat Sheet to Hire Top Developers
5 Ways to Improve Time to Hire
There are several ways to improve this, from eliminating time-consuming activities and improving candidate evaluation to streamlining processes with automation. Let’s delve deeper –
- Find a scalable technical screening tool
Standard screening processes, including work sample tests or cognitive ability assessments, can help you check candidates’ job readiness for your company. But all these take a lot of time. So, to minimize the time to hire, you can depend on pre-employment assessment software like Skillsz. It automates the hiring process and thus, reduces the time to hire.
- Use a credible ATS
Following the same theme, one of the easy ways to reduce hiring time is to use modern recruitment software. According to recent research, 86% of recruiting professionals say that using an ATS platform has helped them hire faster. These platforms manage multiple hiring pipelines, from creating a skill test to shortlisting suitable candidates. Some of the most valuable features of an ATS include –
- Easy test creation
- customization of tests
- Using an anonymous domain
- Real-time dashboard
- Ready-to-use library
- Cheat detection
- Detailed reports and analytics
- Create a structured recruitment process
The recruitment process begins when a company identifies the need to fill a vacant position and ends with hiring the best candidate. Adding structure to the hiring process ensures a better experience for everyone involved. Candidates feel treated transparently, while recruiters can easily track the process. A structured approach helps you make evident-based decisions, enables consistent candidate evaluation, and reduces the total time to hire.
- Facelift your test creation
Creating skill tests by mentioning all the essential things can go a long way towards improving test quality. And it, in turn, helps to find suitable candidates in the shortest time possible. When you mention your requirements correctly and add skills and proficiency levels accordingly, the tests are customized as per your needs. And it helps in better evaluation and effective hiring.
- Be data-driven to reduce the time to hire
Track internal metrics and stay up-to-date on benchmark information to identify opportunities for improvement. Data plays a significant role in helping you find potential bottlenecks in your hiring process. And you can get to the bottom of what is causing them. For example, if you find that a new coding challenge increases the time to hire, check whether it has also led to a better hiring quality. If not, it’s time to bring changes to your hiring process. Besides, you can determine that specific channels have a shorter time to hire than others. Also, look at your conversion rates between the hiring process stages to find opportunities to improve your time to hire.
Also read The Ultimate Guide to Recruitment Tools
Reduce Time to Hire with Skillsz
Skillsz is pre-employment assessment software that automates the screening process and thus, reduces the time to hire. With meticulously designed assessment tests, recruiters can evaluate candidates’ proficiency and make data-driven recruitment decisions.
Some exclusive features of this platform include three different ways to invite candidates, a ready-to-use library of 5000+ questions, a real-time dashboard, customizable skill tests, custom branding, an anonymous domain, anti-fraud detection, detailed reports, demo tests for candidates, etc.
To integrate this platform into your recruitment funnel, register and start a 14-day free trial today.
Time to hire is a vital metric for companies losing productivity and revenue for an open position. Unplanned and ineffective recruitment strategies increase the time to hire. But optimizing the recruitment process helps you keep the time to hire in check. Improving the process with a skill assessment platform like Skillsz prevents you from sacrificing your quality for time and makes hiring bias-free.
So, without waiting any more, register and start a 14-day free trial today!
Skillsz allows companies to assess developers with online programming tests and thus, makes recruitment easy and effective. Besides, it enables companies to quickly filter out unqualified candidates and find the best talent. Create coding tests, invite candidates, check results, and find the best talent. Does it sound interesting? Start a 14-day free trial today!