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–The manufacturing and service sectors are expected to increase hiring in February 2013 compared to one year ago according to a
report from the Society for Human Resource Management (SHRM).
The report shows that the service-sector hiring rate will rise for the seventh consecutive month compared with a year ago. The manufacturing-sector hiring rate will rise for the sixth time in seven months compared with a year ago.
The findings are detailed in the
SHRM LINE Report—Leading Indicators of National Employment®. The report provides a snapshot of month-ahead hiring expectations. (The Bureau of Labor Statistics jobs report analyzes past-month hiring trends.)
Respondents include HR professionals from 500 private service-sector companies and 500 manufacturing companies.
The report shows three key data trends:
“This is the second month in a row that we have seen hiring expectations at a four-year high in manufacturing,” said Jennifer Schramm, GPHR, and manager of workplace trends and forecasting at SHRM. “The private service sector also looks good.”
The January 2013 (the most recent month available)
new-hire compensation index shows a net total of 7.3 percent of HR professionals in the manufacturing sector increased hiring packages as did a net total of 6.5 percent in the service sector.
recruiting-difficulty index for January 2013 (the most recent month available) shows a net of 7.9 percent of manufacturers had more difficulty filling key jobs compared with one year ago. A net total of 8.6 percent of service-sector HR professionals reported an increase in recruiting difficulty during January 2013 compared to one year ago.
The SHRM LINE Report
features the only national monthly employment indices capturing HR professionals’ past-month
recruiting difficulty, a
new-hire compensation index, and an index of exempt and non-exempt
job vacancies (in addition to the month-ahead
hiring expectations index highlighted above)
Highlights of SHRM LINE year-over-year findings:
In February 2013, the hiring rate will rise in manufacturing and services compared with a year ago.
In January 2013, recruiting difficulty dropped in manufacturing and rose slightly in services compared with a year ago.
In January 2013, the rate of new-hire compensation was nearly unchanged compared with a year ago.
Source: SHRM Leading Indicators of National Employment
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
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 SituationReport issued by the Bureau of Labor Statistics.
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