What does the Time to Fill Formula measure?

The Time to Fill formula is primarily focused on measuring the duration it takes from when a job requisition is opened until an offer is accepted by a candidate. This metric is crucial for HR and recruitment professionals as it provides insight into the efficiency of the hiring process. By tracking this time frame, organizations can identify how quickly they are filling vacancies and evaluate the effectiveness of their recruiting strategies.

While the other options touch on aspects of recruitment, they do not accurately define the Time to Fill. For instance, measuring the speed at which jobs become available does not encompass the full hiring process from job requisition to acceptance. Similarly, focusing on the total number of applicants or the time a position remains unfilled does not give a complete picture of the efficiency and speed of the recruitment cycle that the Time to Fill metric seeks to measure. Thus, the correct interpretation centers on understanding the total time taken to fill a job vacancy once it is opened.