SHRM Leading Indicators of National Employment® (LINE®) for September 2014

Mixed Month of Hiring Expected for September
 

In September, hiring rates will increase in the manufacturing sector and drop in services compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for September 2014.

• Manufacturing, service hiring rates will vary in September. Roughly half of manufacturers (50.5 percent) and less than one-third of service-sector companies (29.9 percent) will add jobs in September.
• Recruiting difficulty rose again in August. In August, for the sixth straight month, difficulty in recruiting candidates for key jobs rose in both sectors compared with the previous year.
• Pay rates for new hires showed little movement. The rate of increase for new-hire compensation rose in manufacturing and fell in services in August compared with a year ago.

The LINE Employment Report examines four key areas: employers’ hiring expectations, new-hire compensation, difficulty in recruiting top-level talent and job vacancies. It is based on a monthly survey of private-sector human resource professionals at more than 500 manufacturing and 500 service-sector companies. Together, these two sectors employ more than 90 percent of the nation’s private-sector workers.