Time-to-Hire
This is the time between which a candidate applies for a position up until signing the work contract.
Which is also an important indicator for the efficiency of the recruitment process.
Time-to-hire is important for potential candidates because a long time to hire may reflect negatively on the experience during the application process.
The main difference between time to hire and time to fill is: Time to fill looks at the complete recruitment process - from the time the job is published meanwhile time to hire only takes in to consideration the moment a candidate has established contact, usually in the form of an application or by starting to fill out an application form.
