SHRM Leading Indicators of National Employment® (LINE®): August 2014

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

■ Manufacturers, services will grow payrolls in August. Roughly half of manufacturers (50.2 percent) and more than one-third of service-sector companies (35.8 percent) will add jobs in August.

■ Recruiting difficulty increased in July. Difficulty in recruiting candidates for key jobs rose in July in both sectors compared with a year ago.

■ More employers raised pay for new hires in July.The rate of increase for new-hire compensation rose in July in both sectors 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.