The 2011 ERC Hiring & Selection Practices Survey shows several trends in hiring metrics such as time to fill, time to start, cost of hire, offer acceptance rates, and vacancy rates that help employers benchmark their hiring practices against other local organizations.
The survey’s results show that the average time to fill an open position is 52 days. Positions with the highest average time to fill were executive, engineering, and management positions, while positions with the lowest time to fill were production, maintenance, customer service, and administrative/clerical jobs.
Additionally, the 2011 survey reports that the average time to start is 14 days for employers. This timeframe was consistent across most employers. This reflects the average number of days between offer acceptance and the employee’s first day on the job. Lower vacancy rates were reported by employers of 11 days on average.
The 2011 survey’s results also indicate the average cost of hire for respondent, which is $2,233.