SHRM: October LINE Report

In October, for the third consecutive month, more HR professionals in the manufacturing and service sectors say their organizations will be hiring compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for October 2012.  Hiring rate will increase slightly in October. 

 

More than one out of three manufacturers (34.6 percent) and service-sector companies (33.9 percent) will add jobs in October. The layoff rate will rise in manufacturing and fall in services in October compared with a year ago.

 

Recruiting difficulty was mixed in September. Difficulty in recruiting candidates for key jobs rose modestly in manufacturing and fell slightly in services. Other recent SHRM findings show that many employers are still having trouble matching the skills needed for their open positions with the skills of available candidates

 

Few changes in new-hire compensation in September. The rate of increase for new-hire compensation was nearly unchanged in September in manufacturing and services.Overall, the index’s data show that most organizations are still keeping new-hire compensation rates flat. 

 

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.