Characteristics of Vacancy Rate
1. The vacancy rate indicates the recruitment needs of the company. It is a measure of the number of available positions, and the degree to which the company has a problem filling them.
2. The vacancy rate can provide information regarding the capacity of organisation to attract and retain talent.
3. The positions that remain vacant for an extended period can increase the responsibilities of existing employees which can ultimately reduce overall productivity.
4. The companies can make better decisions about staffing and recruitment strategies by analysing the past vacancy rate and determining patterns.