Use your own denominator
Working days vary by company and country. Jobiba leaves the assumption editable rather than baking a hidden constant into the answer.
Hiring economics
Cost of Vacancy Calculator
Put an editable daily value on an open seat without pretending there is one universal formula. Compare a salary proxy with revenue-per-employee logic, model multiple vacancies, then see what a faster fill could protect.
The multiplier is an editable planning assumption, not an industry fact. Use finance-approved contribution data when available.
Vacancy exposure
Per day / role
₹7,500
Current exposure
₹3,37,500
At 30 days
₹2,25,000
Exposure avoided
₹1,12,500
Base daily value: ₹5,000. This is opportunity-cost planning, not an accounting loss. Keep recruiting spend separate so cost per hire is not double-counted.
Do not confuse exposure with spend
Vacancy exposure estimates foregone contribution. Recruiting invoices, recruiter time and tooling belong in cost per hire.
Reverse-plan the speed gap
Set a target fill time and the workspace shows the difference from the current open duration so the trade-off is visible.
Cost of vacancy FAQs
What is cost of vacancy?
Cost of vacancy is a planning estimate of the value at risk while a role remains unfilled. It is not the same as cost per hire and should not be treated as an audited accounting loss.
How does Jobiba calculate vacancy cost?
Choose either a salary proxy or revenue per employee, divide the annual base by editable working days, apply your own contribution multiplier, then multiply by days open and open seats.
Why are there two calculation methods?
There is no single universal vacancy-cost formula. Salary can be a practical role-level proxy; revenue per employee can be more useful when finance can defend the business-unit contribution assumption.
Should recruiting costs be added to vacancy cost?
Keep them separate first. Jobiba links to cost per hire so teams can compare recruiting spend with vacancy exposure without accidentally double-counting the same cost.