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.
Contribution and sensitivity are planning assumptions, not industry facts. Use finance-approved contribution data and actual incremental recruiting costs when available.
Observed acceleration checkpoint
Use a completed, comparable hiring cohort. Plan and actual describe association only.
Comparable cohort check
Add a genuinely comparable prior/parallel cohort. This reduces reliance on the original plan, but still does not establish causality.
Vacancy exposure
Per day / role
₹7,500
Current exposure
₹3,37,500
At 30 days
₹2,25,000
Value of 15 days saved
₹1,12,500
Net value after extra spend
₹87,500
Acceleration ROI
350%
Observed plan vs actual
Days saved vs plan: 9; avoided-exposure proxy: ₹67,500; net after spend: ₹45,500.
Scenario ROI: 207%. Actual fill vs target: +6 days; spend vs plan: -₹3,000.
Actual vs comparable cohort
Fill-time difference: -8 days; spend difference: ₹14,000; vacancy-exposure difference: -₹60,000.
Combined observed value difference: ₹46,000.
Positive combined value means the entered actual cohort used less vacancy exposure plus incremental spend than the comparison cohort. Compare similar role families, seniority, market and period; Jobiba does not attribute the difference to acceleration spend.
Maximum economically neutral acceleration spend at this target: ₹1,12,500.
Entered extra spend needs about 3.3 saved days to break even.
Sensitivity: avoided exposure ₹84,375–₹1,40,625; net ₹59,375–₹1,15,625.
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.