The Time to Hire Conversion Rate Estimator measures the share of completed hires that were made within a chosen time-to-hire target. It turns a cycle-time goal into a simple attainment rate, making it easier to compare recruiting performance across periods or role groups without averaging fast and slow hires together.This view is useful when an average time to hire hides variation. Two teams can have the same average while one consistently meets the target and the other has a mix of very fast and very slow hires. Use the percentage together with the actual distribution of hiring times to understand reliability, not just the overall average.
1. Count completed hires
Enter the number of hires completed in the reporting cohort.
2. Count target-compliant hires
Enter how many of those hires were completed at or below your time-to-hire target.
3. Record the threshold
Enter the target number of days so the result is documented in context.
4. Review attainment
The percentage shows the portion of completed hires that met the target.
All hires should use the same time-to-hire definition and target threshold. The target-day field provides context but does not recalculate individual hire durations.
Just over two-thirds of the completed hires met the stated 28-day hiring target.
Define the time-to-hire start and end points consistently before comparing results.
Given:
75 completed hires, 51 completed within a 28-day target.
Calculation:
51 / 75 × 100 = 68.00%.
Result:
Within-target conversion rate = 68.00%.
Just over two-thirds of the completed hires met the stated 28-day hiring target.
It treats completed hires as the measured population and target attainment as the desired outcome. It is essentially an attainment percentage for hiring-cycle speed.
No. The percentage uses the counts you enter; the target field documents the threshold used to classify hires as within or above target.
Yes if they use the same metric definition and a comparable target. Different role complexity may make direct comparisons less meaningful.
The result is 100%. That indicates complete target attainment for the measured cohort, but it does not assess candidate quality or retention.
Average time to hire summarizes the mean duration. This metric shows how consistently individual hires meet a specific time threshold.