In July, hiring rates will reach four-year highs for the month in the manufacturing and service sectors, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for July 2014.
Manufacturers, services ramp up hiring in July. Roughly half of manufacturers (53.2 percent) and service-sector companies (49.2 percent) will add jobs in July.
Recruiting difficulty continued in June. Difficulty in recruiting candidates for key jobs rose in June in both sectors compared with a year ago.
Pay rates for new hires showed slight improvement in June. The rate of increase for new-hire compensation rose in June in both sectors 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.