hiring rate

The hiring rate refers to the proportion of available job positions that an organization or economy fills within a specific period. It is usually expressed as a percentage and indicates how actively a company is hiring new employees. For example, if a company has 50 open jobs and hires 10 new employees in a month, the hiring rate for that month is 20%. This metric helps assess the demand for labor, the company's growth, and the overall economic health by showing how quickly organizations are adding staff.