What is the full form of TTH?
The full form of TTH is Time to Hire.
What is the Meaning of TTH?
TTH or Time to Hire refers to a recruitment metric that measures the days from when a candidate applies for a job till the time they accept the job offer. The tracking is done essentially to measure the efficiency of the hiring process, especially for the selected candidate from the beginning of their application process, which is their entry into the talent pipeline till they sign the joining letter.
What are the Key Factors Affecting TTF?
- Transparent Communication
- Clarity of Job Description
- Hiring Process Efficiency
- Involvement of Hiring Manager
- Strong Employer Brand
- Market and Economic Conditions
- Geographical Location
What are the Benefits of TTH?
1. Cost Efficiency
Time to hire can significantly cut down on expenses, as the recruitment process is fast, which in turn results in a reduction in vacancy cost, along with a lowering of administrative costs related to prolonged recruitment cycles.
2. Enhanced Efficiency
The metrics of measuring hiring speed enable the identification of bottlenecks by recruiters early, preventing delays, driving organisations to streamline workflows diminishing the time to secure talent.
3. Accelerated Candidate Experience
Candidates are happy if there is a shorter time to hire, as they don’t have to deal with a delayed process. This improves their impression of the company and builds a trust factor, which likely means that they will not hop to other competitors.
4. Data-Powered Decision-Making
TTH tracking enables companies to enhance recruitment strategies, invest in automated data-driven sourcing channels and implement improvement techniques wherever it is required.
5. Competitive Advantage
TTF enables fast filling of vacancies, which helps organisations to cater to the changing market demands, ensuring business continuity and the ability to maintain an edge over their competitors.
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