What (Definition)
The first and foremost step in the recruitment process is identifying the need for new talents for the company. The number of positions currently vacant in the company is known as open jobs, and it is about hunting for suitable candidates to fill the vacancy. The HR department should take on various roles and responsibilities in the process of job opening.
Companies will continuously seek new staff due to the expansion of the business, staff turnover, the initiative of new projects, etc. This will facilitate the freshers joining the company and contribute to the company’s goals.
Why (Benefits)
The job opening is a crucial part of the recruitment process. Acquiring new talents for the business will bring many advantages.
- There is an opportunity to acquire qualified and talented candidates. This will contribute to the company’s growth and success
- The job opening creates career advancement for the existing employees. The employees of the company can get promoted or appointed to a new role while the new candidates take care of the existing ones.
- The company will more likely hire candidates who match the company’s values. This can help the company’s culture grow.
- Qualified candidates will bring more fresh and innovative ideas to the business. This will help the company sustain in the market.
- Hiring employees with different backgrounds and skills can bring a different perspective to the business. This will help with the company’s innovation and work culture diversity.
How (Calculation?)
The job openings of the company will be generally published on the company’s website, job search websites, job boards, local newspapers, etc. Initially, the jobseeker should find out the status of the job.
Number of Open Positions is the number of jobs that are currently open.
The below table shows the Jobs table with the job openings and their statuses
From the above table, we can see that Open Jobs count = 6 (since each job has only one open position)
The goal of any recruiting process is to complete the Open positions within a stipulated time period with successful hires. Having a huge number of open postings for a longer time period suggests that the recruitment process needs to be better streamlined to improve efficiency.
A company identifies the need to recruit new staff and takes initiative in the hiring process in order to acquire new talents. The recruitment process includes marketing the vacancy, accepting applications from the candidates, conducting interviews, and selecting the most suitable candidate.