What is the formula for Tat days?

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Efficient recruitment hinges on tracking Time-to-Acceptance (TAT). This crucial metric, calculated by subtracting the job posting date from the offer acceptance date for each role, provides valuable insights into the effectiveness of the hiring process and identifies areas for improvement. Shorter TATs signify a streamlined, efficient approach.

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Formula for Time-to-Acceptance (TAT)

Time-to-Acceptance (TAT) is a key metric used in recruitment to measure the efficiency of the hiring process. It is calculated by subtracting the date the job was posted from the date the offer was accepted.

The formula for TAT is as follows:

TAT = Offer Acceptance Date - Job Posting Date

For example, if a job was posted on March 1 and an offer was accepted on March 15, the TAT would be 14 days.

TAT is an important metric because it can help organizations to identify areas where their hiring process can be improved. For example, if an organization has a long TAT, it may be due to delays in scheduling interviews or in making decisions. By identifying these areas, organizations can take steps to streamline their hiring process and reduce TAT.

Here are some tips for reducing TAT:

  • Use technology to automate tasks and streamline the interview process.
  • Provide clear communication to candidates throughout the hiring process.
  • Set realistic deadlines for each stage of the hiring process.
  • Make decisions quickly and efficiently.

By following these tips, organizations can reduce TAT and improve the efficiency of their hiring process.

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