A repost of Cost of Vacancy….
I’ve been spending a lot of time lately on teaching people how to create HR-related return on investment documents, and this topic always comes up.
Cost of Vacancy is pretty cool statistic, but usually, business leaders a presented with a cost of vacancy that they would not believe. It doesn’t line up with their (deep) knowledge of the business. HR turns out to be the team that, “doesn’t get our business” again, and we get a black eye.
The deck I’ve made here is meant to be a starting point in developing a believable cost of vacancy. Let me know what you think!