
December 1, 2008
This is the fourth 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 Start (TTS). The Society for Human Resource Management (SHRM) has published the following formula:
TTS = RR - SD
RR : Date the requisition is received
SD : Date the new hire starts
Why is it important to measure your Time To Start (TTS)?
For the same reason that Time To Fill is important. The longer it takes for candidates to start from the date you decided you wanted to hire someone, the more it is costing you. Get Time To Start down and your hiring costs will go down too.