1. What is the Vacancy Rate?

The vacancy rate measures the percentage of all positions that are unfilled in an organization at a given time. It's a key HR metric for workforce planning in Sri Lanka's employment sector.

2. How Does the Calculator Work?

The calculator uses the vacancy rate formula:

Where:

• Vacant Positions — Number of unfilled job positions
• Total Positions — Total number of positions (filled + unfilled)

Explanation: The formula calculates what percentage of the total workforce positions are currently vacant.

3. Importance of Vacancy Rate Calculation

Details: Tracking vacancy rates helps organizations understand recruitment challenges, workforce stability, and potential operational impacts in the Sri Lankan job market.

4. Using the Calculator

Tips: Enter the number of vacant positions and total positions (must be greater than zero). The calculator will compute the vacancy percentage.

5. Frequently Asked Questions (FAQ)

Q1: What is a normal vacancy rate in Sri Lanka?
A: Typical vacancy rates vary by industry, but 5-10% is common for many sectors in Sri Lanka's economy.

Q2: How often should vacancy rates be calculated?
A: Monthly or quarterly calculations are recommended for effective workforce planning.

Q3: What causes high vacancy rates?
A: Factors include skills shortages, unattractive compensation, or rapid organizational growth in Sri Lanka's competitive job market.

Q4: How does this differ from turnover rate?
A: Vacancy rate measures unfilled positions, while turnover rate measures employees leaving filled positions.

Q5: Should seasonal variations be considered?
A: Yes, especially in Sri Lanka's tourism and agriculture sectors where seasonal employment patterns are common.