Hiring Expected to Decline at Start of 2016

In January, the hiring rates will fall in manufacturing and services compared with the previous year, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for January 2016.

Limited job creation expected in January. A net of 30.4 percent of manufacturers and a net of 21.6 percent of service-sector companies will add jobs in January.

Recruiting difficulty increased in December. More manufacturers and service-sector companies reported difficulty in filling key positions in December compared with a year ago.

Pay rates improved for some new hires in December. The index for new-hire compensation was basically unchanged in manufacturing and rose moderately in services compared with a year ago.

The LINE Report examines four key areas: employers’ hiring expectations, new-hire compensation, difficulty in recruiting toplevel 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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