The CIPD 2012 Annual Survey Report states that 59% of organisations with over 5,000 employees report that they have lost potential talent due to the length of their recruitment process.
Long fill times lead do higher costs whether it means teams lack the right expertise, projects are delivered late or there is increased burden on other staff.
A year ago we published the average fill times we see on TalentPuzzle. Our system gives us access to data that shows what the average times to hire are for many employers across different sectors and allows us to track how they change. We regularly monitor time to hire as we consider it an important KPI for the success of our own offering.
We have seen a decrease in the average time to hire of 29 days from job post to offer. Individual sectors however vary; IT has increased from 19 days to 28 days illustrating the talent shortage for developers. Sales has decreased from 29 days to 24 days.
We thought we’d share some of this data with you as it may give you a useful benchmark for your own recruitment process.
