In September, for the second consecutive month, the hiring rate will rise 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 September 2012.
Job growth will be steady in September. More than four out of 10 (40.8 percent) manufacturers will add jobs in September; nearly one out of four (24.8 percent) of service-sector companies will conduct hiring. The layoff rate for both sectors is at a four-year low for the month of September.
Recruiting difficulty changed little in August. Difficulty in recruiting candidates for key jobs rose minimally in manufacturing and fell slightly in services in August compared with a year ago. Fewer companies increased new-hire compensation in August. The rate of increase for new-hire compensation fell slightly in August in manufacturing and services.
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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