If you are a recruiter then you should be aware of recruiting metrics. These are various measurements or analytics which are used to track the hiring success of your recruitment team and optimize the recruitment process along with it for an organization. When correctly used, these analytics or metrics help in evaluating the recruitment process and whether or not the organization is hiring the right people for the right positions. Time to Fill is an essential recruitment metric that countless organizations use this metric to measure the exact number of days it takes from a new job requisition being created and posted to when the offer was made and accepted by the candidate. This metric is typically used to measure the effectiveness of recruiters within an organization.
In other words, time to fill is the total amount of time that you need to fill a particular position. This recruitment metric helps you in planning your recruitment better and also it serves as a warning when your recruitment process takes too much time.
In simple words, time to fill can be defined as the number of days elapsed between the publication of a new job opening and getting an offer accepted by a suitable applicant.
The Time to fill metric can help you by being:
- A critical recruitment metric to create a more informed and more accurate recruitment plan.
- A key indicator to show that your job advertising isn’t working out
- A pre emptive warning that you’re not sourcing quick enough
First of all, time to fill ought to never be mistaken for time to hire which tracks the time elapsed between a suitable applicant’s first contact (regardless of whether they apply or whether you source them) to their possible recruit and onboarding. This may appear to be a very minute distinction; however, it’s definitely not. One measurement is a reality check for what time the entire procedure is taking, while the other disclose to you how quick you move once you’ve discovered the correct applicant.
Before getting into the benefits of ATS, let me tell you what an ATS is.
In simple terms, an ATS (Applicant Tracking System) is a software program or tool that helps a recruiter through every step of the process of hiring candidates from job postings, job applications to scheduling interviews, sending automated emails to candidates all the way till choosing the right candidate for the job.Basically, ATS is the technology that the recruitment industry needs in order to make the work of recruiters more efficient and effective.Now let's get into the details of why recruiters should get an ATS.They just should!
With reference to the recruitment industry, there has been a need for groundbreaking technology for many years.
That is exactly what an ATS is.Given below are a few key reasons why a recruitment agency should have an ATS.Building a proper database for candidates:- This helps an agency to store their candidates in an organized manner.
A good ATS also lets you source candidates from your website & social media directly into your Database.Resume Parsing:- This helps in efficient pre-screening of candidates through a resume parser.Contacting the candidates:- Being constantly in touch with your candidates is important but more important is having to remember your discussion in your last conversation.
The best ATS’s allow you to attach notes, add call logs & send emails to your candidates so you have all your conversations in one place.Scheduling interviews:- ATS’s help the recruiters to schedule interviews with candidates easily.Measuring the performance of the recruiter:- You can only improve what you can measure.
AI for recruiting has proven a boon to recruiters in many ways than one by automating repetitive tasks like screening, interview scheduling, and other candidate engagement activities, relentlessly enabling them to make informed and unbiased decisions based on data. Time is of the essence in today’s candidate-driven market where sourcing the right candidate from myriad channels is key to maintaining a resourceful candidate pipeline. Jeeves AI, powered by machine algorithms screens candidate against set parameters and job profile requirement at breakneck speed, ruling out unsuitable candidates, allowing recruiters to pick the best fit from the lot.
Originally published at https://recruitmentsmart.com
