Glossary:Job vacancy rate (JVR)
A job vacancy is defined as a paid post that is newly created, unoccupied, or about to become vacant:
- for which the employer is taking active steps and is prepared to take further steps to find a suitable candidate from outside the enterprise concerned; and
- which the employer intends to fill either immediately or within a specific period of time.
The job vacancy rate, abbreviated as JVR, is calculated as follows:
JVR = number of job vacancies / (number of occupied posts + number of job vacancies) * 100
An occupied post means a paid post within the organisation to which an employee has been assigned.