SHRM Report: June 2013 Hiring Expected to be Mixed for Service, Manufacturing Sectors
Alexandria, Va. — June 6, 2013 – Hiring in June is expected to rise sharply in the service sector and fall slightly in the manufacturing sector compared with one year ago, according to a report from the Society for Human Resource Management (SHRM).
In the service sector, 49.8 percent of HR professionals said their company plans to hire workers, while 6.9 percent will cut jobs—leaving a positive net of 42.9 percent, the highest net level for the month since June 2010. The remaining 43.3 percent expect no changes to staffing levels in June 2013.
In the manufacturing sector, 50.8 percent of companies will hire, while 13.5 percent will trim payrolls—leaving a hiring net of 37.3 percent. The remaining 35.7 percent expect to hold steady with no hiring or layoffs in May 2013.
On an annual basis—comparing June 2013 with June 2012—service-sector hiring will increase by a net of 20.5 points.
Manufacturing-sector hiring will fall by a net of 6.5 points comparing June 2013 with June 2012.
The findings are detailed in the monthly SHRM Leading Indicators of National Employment®, or LINE Report. The report provides a human resource snapshot of month-ahead hiring expectations. Respondents include HR professionals from 500 private service-sector companies and 500 manufacturing companies.
“The difference in hiring expectations between the two sectors carries into the recruiting-difficulty index which is down in manufacturing but up in services compared with a year ago,” said Jennifer Schramm, manager of workplace trends and forecasting at SHRM.
The SHRM LINE Report includes the only national monthly employment indices featuring a new-hire compensation index and a recruiting-difficulty index.
The June 2013 report shows:
- A net total of 15.4 percent of service-sector HR professionals reported more recruiting difficulty during May 2013 (the most recent month available), an increase of 7.6 points from May 2012; and
- A net total of 11.9 percent of manufacturers experienced difficulty filling key jobs in May 2013, a decline of 1.9 points from one year ago.
New-hire compensation data show: A net total of 10 percent of manufacturers responding to the survey increased new-hire compensation in May 2013, down 2.5 points from May 2012; and a net total of 7.9 percent of service-sector companies increased new-hire compensation in May 2013, down 1.9 points on an annual basis.
To read the full SHRM LINE Report, visit: http://www.shrm.org/line and click the “Latest LINE Report” button. Follow SHRM Research on Twitter @SHRM_Research.
Media: The SHRM LINE Report is released at 8:30 a.m. Eastern time on the first Thursday of each month. The SHRM employment expectations index describes the same time period referenced approximately one month later in the Employment Situation Report issued by the Bureau of Labor Statistics.
About the Society for Human Resource Management
The Society for Human Resource Management (SHRM) is the world’s largest association devoted to human resource management. Representing more than 260,000 members in over 140 countries, the Society serves the needs of HR professionals and advances the interests of the HR profession. Founded in 1948, SHRM has more than 575 affiliated chapters within the United States and subsidiary offices in China and India. Visit SHRM Online at shrm.org and follow us on Twitter @SHRMPress