It measures the speed of your own selection process.
Why it matters
Good candidates often have several options. The faster you decide, the fewer candidates you lose to other employers or agencies.
Where it goes wrong
The delay is often in one stage, such as waiting for feedback from a hiring manager or client. The total does not show that; the lead time per stage does.
How Dashly calculates it
Dashly calculates it per week from the ATS, with the lead time per stage next to it: new, screened, interview, submitted, hired, contract.