The Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) Report predicts that hiring expectations in both the service and manufacturing sectors will decrease slightly compared with a year ago.
Similar to past months, human resource professionals reported continued difficulty with recruiting in November. In the manufacturing sector, a net 13.5 percent of HR managers reported difficulty, compared with 8.3 a year ago. In the service sector, a net .3 percent of respondents reported more difficulty recruiting, demonstrating a 2.7 percent increase from November 2010. Although the gains are small, they are worth noting, given the struggling national economy.
New-hire compensation increased marginally in both sectors. About 6.2 percent of human resource professionals in the manufacturing sector reported their organizations increasing their new-hire compensation. This is the 14th consecutive month the rate of increase for wages and benefits rose on an annual basis in both sectors.
To read the full LINE report, click here.