Time to fill used to be the only number that mattered on a recruiting dashboard. It’s easy to calculate, easy to explain to a VP who doesn’t have twenty minutes, and it moves in a direction everyone understands: down is good.
But somewhere in the last few years, talent teams stopped being satisfied with speed as the whole story. The better question, the one that actually protects a business, is whether the person you hired is still doing good work a year later.
That’s a shift that shows up in budgets, in headcount plans, in how much a bad quarter of attrition costs a team that already runs lean.
Speed has its place. It tells you where your pipeline is clogged and gives a hiring manager something to point to when a role has been open for 10 weeks, and the team is drowning. Nobody’s arguing to throw it out.
The trouble starts when a fast close gets treated as a win regardless of what happens after.
Gallup puts the cost of replacing an employee somewhere between half and twice their annual salary once you count lost productivity, the recruiting spend, and the ramp time for whoever comes next. That number doesn’t care how many days you shaved off the requisition.
SHRM’s benchmarks put average time to fill around five or six weeks across a lot of industries, and shaving a week off doesn’t mean much if the hire doesn’t make it to month nine.
A fast bad hire is just a slow bad hire with better optics.
Four things, tracked consistently, tell you more about your hiring process than time to fill ever will.
Quality of hire is the metric everyone wants, and almost nobody measures it the same way twice.
There’s no industry-standard formula, which is fine, as long as you pick your inputs and stay consistent with them:
In healthcare, quality of hire has an even greater impact because patient experience depends on every interaction. For example, telehealth providers offering testosterone replacement therapy need care coordinators and support staff who can communicate clearly, follow consistent processes, and build trust with patients. Measuring long-term performance and retention helps confirm whether hiring decisions are producing better outcomes rather than simply filling vacancies.
The part that matters more than the formula: use the same inputs every quarter. Consistency is what makes the number mean anything.
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