In November, 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 November 2012.
Hiring rates will increase in November. More than one out of three manufacturers (33.6 percent) and service-sector companies (33.7 percent) will add jobs in November. The layoff rate will fall in both sectors in November
compared with a year ago.
Recruiting difficulty was mixed in October. Difficulty in recruiting candidates for key jobs fell slightly in manufacturing and rose slightly in services in October compared with a year ago. A net of 11.5 percent of service-sector HR professionals had more difficulty recruiting in October, an increase of 3.6 points from a year ago, marking the highest net level of recruiting difficulty for the service sector in October in four years.
Few changes in new-hire compensation in October. The rate of increase for new-hire compensation was unchanged in October in manufacturing and down slightly in services. Overall, the index’s data show that most organizations are still keeping new-hire compensation rates flat. This finding is consistent with recent BLS findings on real average hourly earnings, which fell 0.2 percent in September 2012 compared with September 2011.
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.
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