Download Time To Hire Calculator Template In Excel

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 this Time To Hire Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Time To Hire Calculator Excel Template

Instruction :

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