Vacancy rate

What is vacancy rate?

Your vacancy rate allows you to measure the total percentage of vacant positions your company has over a specific period of time. This is a useful metric with which to measure the overall efficiency and productivity rate of your HR department as it covers one of its most important functions.

All you need to do is take the total number of vacancies you have and divide it by the total positions at the company, then times the result by 100 to find your vacancy rate percentage. A high rate can reflect a low potential workforce but it can also mean that your company isn’t doing enough to attract potential employees.

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