A Vacancy is an open or unfilled position within an organization that needs to be filled through recruitment, either because a new role has been created or an existing employee has departed.
A vacancy is an unfilled position within an organization — a role that has been authorized and budgeted but not yet filled with a permanent employee. Vacancies have a directly calculable financial cost: the productivity lost while the role is unfilled, the overtime or contractor cost of covering the work, and the quality risk of work being performed by less experienced or suited temporary coverage. The cost-of-vacancy calculation is the most frequently missing element in hiring timeline urgency conversations: hiring managers who might tolerate a 60-day fill timeline would often make faster decisions if they saw the daily productivity cost of the vacancy quantified alongside the cost of the hire itself. HR teams that surface vacancy cost data consistently report faster hiring manager responsiveness to interview and offer decision requests.
What the research says about employee engagement.
Other ways this term appears across industries and languages.
Common questions about employee engagement.