Cost of Vacancy: Making the Case for Hiring in a Downturn
Many assume leaving a position unfilled simply saves the company from spending. A short-term view may show a couple month’s worth of savings in salary and benefits. Better for business, right? Not so much, actually. It’s a common misconception that taking longer to fill a role benefits the organization. Enter the cost of vacancy.
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In this eBook, we’ll examine several topics around the cost of vacancy including:
- What is the cost of vacancy? What does it mean, exactly?
- How to calculate the cost of vacancy
- The impacts of leaving a position vacant
- How to reduce the cost of vacancy