Average Days: Hire to Join
HR Metric - Average Days - Hire To Join
What (Definition)
The average number of days hired to join is the difference between the day the employment offer letter is sent out and the official joining date. Due to certain obligations, it is almost impossible for an employee to start working for the company as soon as they receive their offer letter.
Likewise, the company also needs time to take the employee into the firm even after offering the job letter. There can be official paperwork, reference verification, and other administration operations to conduct. Processing documents like employment contracts and other basic documents may take longer.
Why (Benefits)
The company should think about lowering the average day of hire since it lowers expenses and increases the effectiveness of attracting qualified candidates. Candidates are more likely to select our company over other companies if they believe that we value them as individuals.
An employee may occasionally be required to perform on an extended notice period at their prior workplace. It may significantly lengthen the time between hiring and joining. If the job market is competitive then the candidate will borrow more time from the company to delay the start date due to the many offers in hand.
As a company, working on the majority of the paperwork manually can consume a lot of time. Automating the administration operations can shorten the hire-to-join time. The business must have enough HR staff to manage the hiring process even when receiving a large number of applications. If not, it can cause a bottleneck in the hiring process.
How (Calculation)
Sometimes the recruitment cycle requires permission and approval from various levels and departments. In that case, it can delay the overall duration of the hiring process.The length of time it takes to hire new employees can be extended due to other issues like the availability with training or orientation programs.
In order to determine the average number of days hire to join, you should normally follow the actions mentioned below.
Calculate the difference in time between the employee's official start date (the JOIN Date)and the day the job offer (the HIRE Date) was given to them. This simple computation should be performed for each and every employee who joined in a particular time frame.
Sum up the calculated days for all the new employees.
Now, divide the total number of days by the total number of newly onboarded (hired) employees, in order to find the average value.
Capture Hire date and Official Join Date for each New Hiree
The total number of days= 94
Total number of new employees= 10
The average days from hire to join= 94/10 = 9.4 days
In this metric, it takes about 9.4 days to transition from receiving the job offer letter to starting their work in the company.
This calculation is a key performance indicator to understand the competence of the onboarding process. Identifying the average days from hiring to joining can help improve the onboarding operations and aid in a quick and smooth transition for the freshers.
A shorter average may point to a more productive onboarding process, whereas a longer average may indicate inefficiencies in hiring and onboarding operations. In order to bring on new employees as soon as possible, it may require some investments in automation, enhanced communication, cutting out unnecessary stages in the recruitment process, and making sure all relevant departments collaborate well.
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Now it’s your turn.
As a company, Do you calculate the average days hired to join? Feel free to let us know your thoughts on how you do it below. We would like to hear from your experience.
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