Vacancy Rate Formula:
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Definition: This calculator determines the percentage of unfilled positions in an organization compared to the total number of positions.
Purpose: It helps HR professionals and managers assess staffing levels and recruitment needs.
The calculator uses the formula:
Where:
Explanation: The number of vacant positions is divided by the total positions, then multiplied by 100 to convert to a percentage.
Details: Tracking vacancy rates helps organizations understand staffing challenges, plan recruitment efforts, and analyze workforce trends.
Tips: Enter the number of vacant positions and total positions. Vacant positions must be ≤ total positions, and total positions must be > 0.
Q1: What's considered a healthy vacancy rate?
A: Typically 5-8% is normal, but this varies by industry and organization size.
Q2: Should seasonal positions be included?
A: Only include positions that are currently budgeted and needed for operations.
Q3: How often should vacancy rate be calculated?
A: Monthly or quarterly tracking is recommended for most organizations.
Q4: What if vacant positions exceed total positions?
A: This indicates a data error as vacant positions can't exceed total positions.
Q5: Does this include positions in the hiring process?
A: Typically yes, unless an offer has been accepted and the start date is imminent.