Cost of Vacancy Explained: How to Calculate the Cost of Open Sales Roles
Your unfilled positions are costing you — find out how much
Cost of Vacancy (COV) provides a baseline for the financial impact of an open role. Admittedly, it’s difficult to accurately measure the negative impact a vacancy will have on productivity, employee engagement and team morale, and even harder to tie monetary values to these metrics. Still, COV is hugely beneficial in understanding the importance of an efficient recruitment strategy as well as its impact on your organization’s top and bottom lines.