Time-to-hire measures the number of days from when a candidate applies for a job until they accept the offer.
Time-to-fill measures the number of days from the point of posting a job up until a candidate accepts the offer
Time-to-Hire = <Day candidate accepts offer> - <Day candidate applies for job> Time-to-Fill = <Day candidate accepts offer> - <Day job posted>
Time-to-hire indicates recruitment process efficiency & Time-to-fill shows the efficiency of the overall organizational recruitment process
Time-to-Hire impacts candidate experience & company branding; Time-to-Fill impacts business growth & bottomline