Do you know the actual cost of your unfilled positions?   

Find the answer with our new “Cost of Unfilled Positions Calculator” from Cornerstone Consulting.

The hidden costs on open jobs in your company can be both surprising and significant, making it critical to fill these positions quickly. An open position represents an opportunity cost—you are not making money while the job remains vacant. Nailing down the overall expense of these unfilled openings can be difficult. Our Cost of Unfilled Positions Calculator can help you quickly get a handle on the actual cost of your open positions. 

Your Opened Positions Can Be More Costly Than You Think 

Workplace vacancies can be costly in a variety of ways. Beyond the direct costs of advertising and interviewing, there are also indirect costs associated with decreased productivity and employee morale.  

For example, if an employee needs to take on additional work to cover for a vacant position, they may become overwhelmed and stressed, leading to poorer quality work and even their departure from the company. Additionally, other employees may become resentful if they feel they are picking up the slack for a vacant position, leading to decreased morale and motivation.  

Download Our FREE Cost of Unfilled Positions Calculator 

The cost of an open job position can be difficult to calculate. There are many factors to consider, such as the cost of advertising, the cost of hiring a recruiter, and the opportunity cost of not filling the position. However, it's important to understand the true cost of open job positions to help make better hiring decisions.  

Our Cost of Unfilled Positions Calculator is a free resource specifically designed to help you calculate the actual cost of an open position. Simply enter in the relevant information, such as: 

• Expected salary for the position 
• Number of applications you expect to receive 
• Length of time the position will be open 

The calculator will then provide you with an estimate of the total cost of the position. This information can be beneficial when making hiring decisions, as it can help you to compare the costs of various positions and choose the most efficient option.  

If you are looking for ways to improve your business, filling jobs quickly should be one of your top priorities. We help companies improve operations by offering rapid staffing options, maximizing profitability, and driving sustainable results. Our Operational Excellence and Accountability System has global reach and brings stability, continuity, and significant peace of mind to our clients.   

Contact us if we can help you fill open positions with the right talent and drive operational excellence for increased profitability.

CCO cannot and does not provide legal advice. It’s important to consult with qualified counsel before adopting any new policies. It’s also your responsibility to determine whether legal review of work product is necessary prior to implementation.