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Vacancy rate
What is a vacancy rate?
Vacancy rate is an indicator that allows us to understand what proportion of jobs in the company remains unfilled. This ratio helps to assess how effectively a company is managing its recruitment and whether the number of employees matches its current needs.
It is calculated as the ratio of the number of open vacancies to the total number of staff positions. For example, if a company has 100 positions and 10 of them remain unfilled, the vacancy rate will be 10%.
A high vacancy rate may signal difficulties in finding suitable specialists. This may be due to a shortage of qualified candidates, too stringent requirements or insufficient attractiveness of the company as an employer.
A low ratio indicates that most jobs are closing on time, but if it’s too close to zero, it could mean stagnation or a lack of opportunities for business growth.
Monitoring the vacancy rate helps HR department to optimize the hiring process, adapt recruitment strategies and respond to changes in the company’s needs in a timely manner.
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Soft skillsMental health at workHR processesHiring processProfessional developmentSoftware as a service (SaaS)HR management softwareBackground checkTalent acquisitionNew employee introductionHourly employeeContinuous performance managementAbsenteeism policyDirect reportsBehavioral interviewBehavioral competenciesPerformance improvement planFloating holidayTermination letterJob evaluationOffboardingDisability leaveSick leaveLeave of absenceTime trackingHoliday payAgile methodologyOrganizational chartEmployee experiencePaid time off (PTO)Onboarding processZero-based budgeting (ZBB)Job dissatisfactionNepotismIndependent contractorMetricsLoyalty of employees (eNPS assessment)Cross-functional teamsMatrix organizationTurnover rateVacancy rateCompetencyHoliday accrualCompensationCore competenciesKey workerKey Performance Indicator (KPI)Employee classificationEmployee directoryCareer siteCareer growthCareer pathCareer plateauWorkforce planningArtificial intelligence in HRHuman resources information system (HRIS)Intellectual propertyEmployee Net Promoter Score (eNPS)Employee life cycleRevenue per employeeHarassmentJob instructionDocument management in HRVoluntary benefitDisciplinary proceduresDisciplinary actionBusiness partnershipHR dashboardHybrid work modelBusiness agilityFlexible working hoursExit interviewEmployee burnoutOne-on-one meetingsRecruitment funnelEmployee engagementInternal recruitmentVirtual HRVertical organizationWellness programsGross incomeGross amountGross wagesEmployer brandEmployee benefitsSick leave payWell-beingHR business partnerEmployee databaseBuddy systemOutstaffingOutsourcingHR auditAssesment centerUpskillingHR analyticsJob analysisTraining needs analysisWorkforce utilization analysisWorkforce availability analysis
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