#2506 · Salary & HR Tool

Time to Hire Conversion Rate Calculator

Measure hiring completion within a reporting period and connect it to hiring velocity. Enter opened requisitions, completed hires, the reporting window, and average time to hire to see completion rate, monthly pace, and active pipeline demand.

Calculator

Enter your scenario
roles
Roles opened during the period.
hires
Roles filled during the period.
days
Length of the measured window.
days
Average days per completed hire.

How to use this calculator

  1. Enter values that use the same reporting period and definition.
  2. Review units and adjust assumptions to match your organization.
  3. Select Calculate to update the result.
  4. Compare the main result and supporting metrics, then test an alternative scenario.

Formula

Conversion rate = Completed hires ÷ Requisitions opened × 100. Monthly velocity = Hires ÷ Reporting days × 30.4375.

What the result means

Use the main result as a scenario estimate and read the supporting metrics to understand what drives it. Compare current and target cases with consistent definitions.

This period-based ratio is not a cohort survival measure; roles opened late in the period may still be active.

Example calculation

With 60 opened roles and 42 hires over 90 days, conversion is 70.00% and monthly hiring velocity is about 14.2 hires.

Tips for better results

  • Use cohort-based data when possible.
  • Document the source and date of each assumption.
  • Separate role groups with materially different costs or timelines.
  • Change one input at a time during scenario analysis.
  • Reconcile planning estimates with ATS and finance reports.

Frequently asked questions

What inputs should I use in the Time to Hire Conversion Rate Calculator?

Use figures from the same reporting period and apply one consistent definition to every input. The help text beside each field describes the expected unit.

Can I enter zero in this calculator?

Zero is accepted where it represents a valid count, cost, or rate. Inputs used as divisors must be greater than zero so the result remains defined.

Does the result represent an accounting expense?

Not necessarily. The calculator is a planning model based on the values you enter. Confirm accounting treatment with your finance team before using it in reported statements.

How should I compare scenarios?

Calculate the current case, record the result, then change one assumption at a time. This makes it easier to see which input drives the difference.

Why might the estimate differ from our ATS report?

Applicant tracking systems may use different cohort dates, stage definitions, exclusions, or rounding. Align those definitions before comparing results.

Inputs and units

Model elementHow it is used
Requisitions openedRoles opened during the period. Unit: roles.
Completed hiresRoles filled during the period. Unit: hires.
Reporting periodLength of the measured window. Unit: days.
Average time to hireAverage days per completed hire. Unit: days.

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