Understanding the Cost of Vacancies are expensive. According to the Society for Human Resource Management (SHRM), the average cost-per-hire is approximately $4,700, but for certain high-level roles, this can increase to three or four times the position's annual salary. Beyond direct hiring costs, unfilled roles lead to lost productivity, overburdened staff, and delayed projects. Key Statistics: ● The average time to fill a position is 36 days (SHRM). ● Extended vacancies can cost companies up to $500 per day per role, depending on the industry (Glassdoor Economic Research). ● High turnover rates contribute to additional hiring and training costs, further amplifying the impact of vacancies. Moreover, the opportunity cost of unfilled positions can lead to missed revenue opportunities, slower innovation, and a decline in competitive advantage. When roles remain vacant for extended periods, customer satisfaction can also suffer as service delivery times increase. Understanding the Cost of Vacancy