Download Vacancy Cost Calculator Template In Excel

Vacancy Cost Calculator is ready-to-use Excel Template to calculate direct costs associated with vacant position.

Thus, you only need to enter require information and it will automatically calculate the vacancy costs as well as the cost per vacancy.

What is Vacancy Cost?

Moreover, Vacancy costs are different from Cost Per Hire. Cost per hire is expense require to fill the vacant position with an FTE.

Moreover, the Vacancy Costs are those costs that are spent in form of overtime, outsourcing, temporary jobs during the time the post is vacant to complete the work.

Thus, These costs don’t reflect indirect costs like damage to customer relationships, and temporary or
long-term productivity and performance differentials.

Formula To Calculate Cost Per Vacancy

CPV = Vacancy Costs / No. Of Vacant Positions

Vacancy Costs Calculator Excel Template

Moreover, We have create a simple Vacancy Cost Calculator Excel Template with predefine formulas to calculate vacancy costs that are applicable to an organization until the vacancy is fill with an FTE (Full-time Employee).

How to use the Vacancy Costs Calculator Excel Template?

So, This template consists of 3 Sections:

  1. Cost of Vacant Posts
  2. Remuneration of Ex-Employee (Salary + Benefits)
  3. Cost Per Vacancy

1. Cost of Vacant Posts

Firstly, cost of  vacant post includes the following:

Total Cost of:

  • Temporary Workers
  • Individual Workers
  • Outsourcing the Work
  • Overtime Paid to Inbound Employees

So, Insert the above-mention details and it will calculate the Subtotal “A” using the SUM Function.

2. Remuneration to Ex-Employee/s

Secondly, the Remuneration of ex-employee or vacant post/s includes Base Salary, benefit, and loss of Revenue. So, Enter these details and the subtotal “B” calculates automatically.

In the end, It will give you total Vacancy Costs. Thus, this is derive using the above-mention formula. Thus, Subtotal “A” – Subtotal “B” is Total Vacancy Costs, either it is single post or multiple posts.

3. Cost Per Vacancy (CPV)

Thirdly, after Total Vacancy Cost is derive for multiple posts you need to divide it by number of vacant posts to get Cost per Vacancy. In case you have only one post then the Total Vacancy Cost is your Cost per Vacancy.

Download this Vacancy Cost Calculator template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Vacancy Cost Calculator Excel Template

Instruction :

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