← HR Metrics·Workforce Planning
Vacancy Rate
Percentage of budgeted positions currently unfilled
How it’s computed
COUNT(vacant) / COUNT(budgeted)
What the evidence shows
Evidence (effect sizes, priors, validity) is syncing from Principia.
Run it on your data
This metric is computed in the People Analytics Toolbox on your own numbers. See pricing — posted, no quotes.
sources: toolbox:metrics-catalog
What the literature says
The measurement literature behind this signal — sourced, so you can defend it.
“Labour Cost Expense Percent Labour Cost / Operating Cost The total labour costs as a percentage of total expenses. Labour cost can be a significant operating expense, in an organization that relies on human capital to generate value. Review this with Revenue per FTE to ensure…”
— Predictive HR Analyticsmatch 61%
“Underestimating Time-to-fill can throw off a company’s growth plans. A short time-to-fill a job means less overtime and better morale. The average time-to-fill worldwide is 47 days. (2) If your time-to-fill too high compared to industry benchmarks, breakdown the time-to-fill…”
— Predictive HR Analyticsmatch 52%
“Percentage of open positions analytics: The formula for percentage of open positions is, Percentage of open positions = Total number of open positions / Total number of open positions in the company A high percentage of open positions can indicate jobs that have high attrition.…”
— People Analytics Text Mining with Rmatch 51%
Resources: Predictive HR Analytics · People Analytics Text Mining with R