Organizations that can hire more quickly than their peers and competitors have a distinct advantage in the talent marketplace. Moving too quickly to hire, however, could end up costing more in the long run if an organization does not get the right talent in the door. After breaking down cross-industry benchmarking data on cycle times for hiring, we’ll review three broad areas where you can focus as you work toward an optimal cycle time for your organization.

The cycle time in days from approval of a job requisition to acceptance of a job offer provides a good snapshot into the strength of an organization’s hiring processes and practices. The figure below shows cross-industry data based on survey responses from more than 5,100 organizations.

APQC finds that organizations, at the median, take 30 calendar days from approval of a job requisition to acceptance of a job offer. The fastest organizations in our data set are those at the 25th percentile (below which 25% of responses fall), which can carry out the same set of processes in 20 days or fewer. The slowest organizations—those at the 75th percentile—take 40 days or longer.

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