Job Council News

Calculating the Job Vacancy Rates

Job Vacancy For a fourth quarter usually refers to the quantity of vacant posts at the time of the last quarter in which an organization is actively recruiting personnel from outside its own establishment. They exclude: Job Vacancy rate for the fourth quarter means the number of job openings divided by the number of persons employed at that time. The unemployed population, including those who are waiting to start a new job or those who have retired, are also counted. An increase in the unemployment rate for more than four months is an indication of the vacancy rate within the organization.

job vacancy

Job Vacancy rates give an idea of job openings within a particular economic region, state, and city. This is because the vacancies tend to be concentrated in certain regions at a time. It is necessary to be aware of the regional unemployment rate when searching for vacancies, so that you are not disappointed with your choice of location.

The figures presented here represent the number of job openings for each of the three categories – full-time, part-time, and freelance/ temp positions. It should be noted that the numbers differ slightly from the JVS figures for the same period in past years. Job Vacancy For a fourth quarter, also known as the fourth quarter’s JVS, covers positions for those who were temporarily removed from their jobs. They are eligible only if they have actively searched for new vacancies within the past six months. Candidates who were not actively searching will be distinguished from the rest and will not receive a JVS with their vacancies.

The data presented here covers the number of former employee resumes used for analysis. The first step in conducting an internal job vacancy survey is compiling a suitable sample of documents that can be submitted for analysis. These documents need to include basic information such as a cover letter, resume, and a standard business document or executive summary. The samples need to be original copies, rather than photocopies and cannot be used as references in any circumstances.

The JVS can be calculated by dividing the number of unemployed by the current JVS category. This gives the JVS Rate, which is the current unemployment rate for the specific J VS category. When comparing the rate of hiring with the other categories, the total number unemployed is compared between all categories. Another method of comparing the overall job vacancy rate is by calculating the average number of days it takes to find each candidate. This is done by dividing the number of days by the average duration of each vacancy and rounding up to the nearest whole day.

The sources for the data on vacancies include the Australian Human Time Study (AHTS), Australia Health Practitioner Regulation (AHPR), the Department of Employment, The Australia Office of Fair Trading, Australia Department of Business, Employment, the Australian Bureau of Statistics, and the Reserve Bank of Australia among others. This article is under GNU FDL license and can be distributed without any previous authorization from the author. However the author’s name and all the URLs (links) mentioned in the article and biography must be kept. This article may be distributed freely in its entirety in any ezine, newsletter, blog or website as long as the author’s name and all web links remain intact and be included with every reproduction.