
November 25, 2008
This is the third article in a series that will focus on Key Staffing Metrics that you can use to measure the effectiveness of your HR practices.
The focus of this article will be on calculating Time to Fill (TTF). The Society for Human Resource Management (SHRM) has published the following formula:
Time to Fill (TTF)
TTF = time to have an offer accepted
RR = date the requisition is received
OD = date the offer was accepted
Why is it important to measure Time to Fill (TTF)?
Would you consider Time to Fill to be an important metric to measure if your company loses $1,000 in revenue for each day the position goes unfilled?