Calculating the Average Time from Contact to Hire Allows a Firm

question 48

Multiple Choice

Calculating the average time from contact to hire allows a firm to most accurately_____.

• A) calculate the cost per hire
• B) estimate the efficiency of recruiters
• C) calculate the "float time" in the recruiting process
• D) target the most time-efficient recruiting sources

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Definitions:

Bank Statement

A document issued by a bank detailing transactions, withdrawals, deposits, and the beginning and ending balance for an account over a specific period.

Reconcile

The process of ensuring that two sets of records or accounts are in agreement.

APR

Annual Percentage Rate; the annual rate that is charged for borrowing, representing the actual yearly cost of funds over the term of a loan.

Compounded Weekly

Refers to the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a weekly basis.