Job Vacancy Rate Calculator is an excel template to calculate the vacancy rate of any organization, department, or group at a given period of time.
Thus, with this template, you can calculate the vacancy rate in at a particular date and also the monthly job vacancy rate for every month.
Job Vacancy – Definition
Job Vacancy means the number of empty posts for which a company is actively indulge in the recruiting process like advertisements, interviewing, etc. from outside the company.
Moreover, it includes job posts for which the candidate has already been appointed. It has not join the organization and job posts that are approve and open only for internal transfers or promotions.
What is the Job alert Rate
Job Vacancies Rate mean percentage of empty posts against the total number of the approved posts at a specific time of a company, department, or group.
Thus, the total number of approve posts is the sum of no. of working employees and empty job posts at the end of 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 create a simple and easy Job Vacancy Rate Calculator Excel Template with predefine formulas to help you easily calculate Job Vacancy Rate for your company.
Therefore, you just need to enter 2 details, one is number of empty posts and the second is total number of approve posts. The template will automatically calculate Job Vacancy Rate for that particular department or company.
How to use Job Vacancy Rate Calculator Excel Template
Thus, This template consists of two different sections:
- Firstly, Job Vacancy Rate
- Secondly, Monthly Job Vacancy Rate
1. Job Vacancy Rate
In this section, you can calculate job vacancy rate on a given date. Hence, enter the require data in the light blue cells and result will display in the dark blue cell below it.
2. Monthly Job Vacancy Rate
Secondly, Few companies measure job vacancy rates on monthly basis. Thus, enter number of empty job posts at the end of each month. The total number of approve posts at the end of the month. It will calculate monthly job vacancy rate for you.