Download Time To Hire Calculator Excel Template

Contents

Popular Categories in Excel Template
Trednding in Excel Template

Adjustable Rate Mortgage calculator

Our free ARM calculator for Excel that estimates the monthly payments and amortization schedule for an adjustable rate mortgage. …

Read More

Gas Mileage Calculator

Download a printable gas mileage log that you can keep in your car or download our …

Read More

Personnel Plan

Use this customizable personnel plan template to map out current and future staff needed to …

Read More

Balance Sheet

About Balance Sheet Excel Template You can download balance sheet excel template to audit costs …

Read More
Search
Generic filters

Time To Hire Calculator is simple and ready-to-use excel template to calculate Time To Hire HR metrics for a single and multiple employees for Time to Hire Calculator.

Time To Hire Metrics

Moreover, Time To Hire is number of days between a position opening up and signing a job contract by the candidate or accepting the offer.

So, It is used to evaluate efficiency of the recruitment process and also provides insights into which job position takes more time to fill.

Formula To Calculate Time To Hire

The formula to calculate Time To Hire are as follows:

Date Of Signing Contract – Date of job position is opened

If there are multiple job opening then it will calculate in the following way:

  1. Calculate number of days for each position.
  2. Add number of days for all positions.
  3. Divide the total of days by the number of positions.

Hire right Background Check Time

We have create a simple and ready-to-use excel template with predefine formulas for Time To Hire HR Metric.

You just need to enter dates and number of employees for the required position. It will automatically calculate the Time To Hire for a single as well as multiple employees.

Average Time to Hire

  1. Time To Hire For Single Employee
  2. Time To Hire Multiple Employees

1. Time To Hire For Single

Thus, time to hire is nothing but difference between date of an opened job posting and date of contract signing by candidate.

In this section, you just need to enter 3 things:

  • Firstly, Job Title
  • Secondly, The date on Which job posting opened up or approved by the management
  • Thirdly, The date on which the employee accepted your offer or signed the contract.

That’s it. Applying given above given formula it will calculate the Time To Hire for that particular post for you.

2. Hiring Time for Multiple Employees

Moreover, When there are multiple job openings in company like a new start-up or the opening of a new department etc. then this section can be used.

There are 6 columns in this section:

Sr. No.: Job Posting Serial Number.

Job Post: The title of job posting.

No. of Posts: The number of posts for each job posting.

Date of Job Opened: Date on which job posting opened or approved by the management.

Date of Contract Signed: Date on which candidate signs the job contract/accepts the job offer.

Time To Hire Individual: This is TTH for an individual post. If there are multiple posts in single job posting then it will multiply it with that number.

Time to Hire Formulas

Total Number of Day / No. of Employees

This calculator will be helpful to HR Assistants, HR manager as well as HR professionals. 

5 Important Things To Do To Reduce Time To Hire

  1. Determine staffing needs
  2. Try to reduce notice periods
  3. Recruit internally
  4. Write detailed job description including benefits
  5. Use application tracking Software

Download Time To Hire Calculator Excel Template

To use this free Excel Template, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets. 

After installing Excel or Spreadsheet, download the xlsx file of this template to use it

Once extracted, you can open the file using Excel and start entering data or customizing the template.

Click The Button Below To Download Time To Hire Calculator Excel Template

Instruction :

All Excel templates and tools are sole property of xlsxtemplates.com. User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

 You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from PPTXTemplates.com  Completely Free. All our templates are designed by Professionals

Popular Excel Templates: