Job Vacancy Rate Calculator is a ready-to-use excel template to calculate the vacancy rate of any organization, department or group at a given period of time. With the help of this template, you can calculate the vacancy rate in general at a particular date and also monthly job vacancy rate for every month.
Job Vacancy – Definition
Job Vacancy means the number of unfilled/empty posts for which a company is actively indulged in the recruiting process like advertisements, interviewing etc from outside the company.
The job posts for which the candidate has already been appointed but not joined the organization and job posts that are approved and open only for internal transfers or promotions.
What is the Job Vacancy Rate?
Job Vacancy Rate means the percentage of empty posts against the total number of approved post at a specific time of a company, department or group.
The total number of approved posts is the sum of the no. of working employees and empty job posts at the end of the given period.
Formula To Calculate Job Vacancy Rate
The formula to calculate Job Vacancy Rate is as follows:
Job Vacancy Rate Calculator Excel Template
We have created a simple and easy Job Vacancy Rate Calculator Excel Template with predefined formulas to help you easily calculate the Job Vacancy Rate for your company.
You just need to enter 2 details, one is the number of empty posts and second is the total number of approved posts. The template will automatically calculate the JVR or Job Vacancy Rate for that particular department or company.
You can download other useful HR Metrics Templates like Base Salary Increase Rate Calculator, Offer Decline Rate Calculator, Offer Acceptance Rate Calculator, Post Occupancy Rate Calculator and many more from our website.
Let us understand how to use this Calculator in details.
How to use Job Vacancy Rate Calculator Excel Template
This template consists of two sections:
- Job Vacancy Rate
- Monthly Job Vacancy Rate
1. Job Vacancy Rate
In this section, you can calculate the job vacancy rate on a given date. Enter the required data in the light blue cells and the result will be displayed in the dark blue cell below it.
2. Monthly Job Vacancy Rate
Some companies measure job vacancy rate on monthly basis. Enter the number of empty job posts at the end of each month and the total number of approved posts at the end of the month. It will calculate the monthly job vacancy rate for you.
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