TTF stands for Time to Fill. Time to fill is the time elapsed between engaging a candidate and his acceptance of your offer.
It is an HR metric used for measuring the speed of the recruitment processes in an organization. It is an important way of demonstrating efficiency for the recruitment departments.
This metric also provides the HR departments with the insight into their strategies and helps in effective resource allocation and budget planning.
Usually, longer time to fill leads to higher cost per hire figures. It increases the unnecessary burden of costs on the organization as well as the workload on the employees.
Formula for Calculating TTF
The formula for calculating the TTF is simple. Total days to fill a job divided by the total number of candidates hired.
Download ready templates for other relative HR metrics from the link below:
Additionally, you can download other accounting templates like Petty Cash Book, Simple Cash Book, and Accounts Payable Excel Templates from here.
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