vacancy(redirected from Job Vacancy)
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A job that has not been filled. A job vacancy may occur when an employee quits or is terminated or when a company creates a new position. A large number of job vacancies in an area may indicate that unemployment is about to decline or that workers have sufficient job security to hold out for higher wages or other benefits. Alternatively, vacancies may indicate that the workforce is poorly trained for what needs to be done. See also: Help-Wanted Index.
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vacancya JOB position offered by an employer that currently remains unfilled. Employers may seek to fill a vacant job position by REDEPLOYMENT of existing staff within their own firms or other organizations or may seek to take on new staff by advertising job positions in local and national newspapers, by using a private RECRUITMENT AGENCY or by accessing the government's network of JOB CENTRES.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005