In July, the hiring rate will rise slightly in manufacturing and increase significantly in the service sector compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for July 2013.
- Highest hiring rate for July since 2010. A net of 42.5 percent of service-sector companies will add jobs in July, and a net of 38.4 percent of manufacturers will grow payrolls during the month.
- Recruiting difficulty was mixed in June. Difficulty in recruiting candidates for key jobs was nearly unchanged in manufacturing and increased in services compared with a year ago.
- New-hire compensation rates fell in June. The rate of increase in new-hire compensation fell slightly in manufacturing and services 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.
Click here to see the SHRM LINE July 2013 Report.