Vacancy Rate Formula:
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The Staff Vacancy Rate is a key human resources metric that measures the percentage of unfilled positions in an organization relative to the total number of authorized positions. In the Philippines, this metric is particularly important for workforce planning and budgeting.
The calculator uses the vacancy rate formula:
Where:
Explanation: The formula calculates what percentage of your total workforce positions are currently vacant.
Details: Tracking vacancy rates helps Philippine organizations with workforce planning, budgeting, and identifying potential staffing challenges. High vacancy rates may indicate recruitment difficulties or retention problems.
Tips: Enter the number of vacant positions and total authorized positions. Both values must be positive numbers, and total positions must be greater than zero.
Q1: What is a healthy vacancy rate in the Philippines?
A: Typically 5-10% is considered normal, but this varies by industry. Government agencies often have different benchmarks than private companies.
Q2: How often should vacancy rates be calculated?
A: Monthly or quarterly calculations are recommended for effective workforce monitoring.
Q3: Should temporary positions be included?
A: Only include positions that are part of your regular staffing complement. Temporary or project-based positions should be excluded.
Q4: What if my vacancy rate is very high?
A: High vacancy rates may require reviewing your recruitment strategies, compensation packages, or working conditions.
Q5: How does this differ from turnover rate?
A: Vacancy rate measures unfilled positions at a point in time, while turnover rate measures how frequently employees leave over a period.