How to Calculate Vacancy Rate?
The vacancy rate is an important factor that can affect the work of an organisation. A high vacancy rate has several negative effects such as overpaying existing employees and decreasing customer satisfaction resulting in loss. Businesses with low vacancy rates are more competitive than those with high vacancy rates. The formula used for calculating the vacancy rate is:
[Tex]Vacany~Rate=\frac{Number~of~Vacant~Positions}{Total~Number~of~Positions}\times{100}[/Tex]