Cost of Vacancy Calculator
Every working day a role stays open costs you the value that person would create. Put a number on it, and on what a faster hire is worth.
How the calculation works
Cost of vacancy = annual CTC × value multiplier ÷ 250 working days × working days the role stays empty.
The days count from opening the role to the new hire's first day: your time to offer plus the candidate's notice period. Calendar days are converted to working days at five in every seven.
The value multiplier is the value the role creates relative to its pay. 1× is the most conservative assumption: the role is worth exactly what you pay for it. Revenue-generating and senior roles are usually worth more; set the figure you believe for your business.
What it leaves out
The calculation ignores indirect costs that are real but hard to measure: overtime and burnout in the team covering the gap, delayed launches, lost deals and the chance that a strong candidate accepts another offer while your process runs. Treat the result as a floor.
Where HyrEzy saves time
HyrEzy delivers a scored, recruiter-validated shortlist within 5 working days of the calibration call, and an offer by day 14 is realistic when interviews run on schedule. The notice period still applies, so the saving comes from the time before the offer.
Frequently asked questions
What is cost of vacancy?
The value a business loses while a role stays unfilled. A common estimate is the value the role creates per working day multiplied by the working days it is empty.
Why include the notice period?
The role stays empty until the new hire starts, and in India notice periods of 30 to 90 days are common. A fast offer with a long notice period still leaves the seat empty for weeks.
What value multiplier should I use?
Use 1× if you want the most conservative figure. Roles tied directly to revenue or delivery, and senior roles, are usually worth more than they are paid, so a higher figure may fit. It is your assumption to set.