Hiring Increases Spur Recruiting Difficulties, New-Hire Salaries

Theresa Minton-Eversole

Increases in manufacturing and service-sector hiring are projected to reach four-year highs for the month of July, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey, released July 2, 2014. And as is usually the case with stepped-up hiring levels, employers also reported having a more difficult time recruiting for key positions, as well as difficulty with maintaining flat new-hire compensation rates.

“The positive hiring trends HR professionals have been reporting in recent months look like they are set to continue in July,” said Jennifer Schramm, SPHR, manager of SHRM workplace trends and forecasting. “And with hiring rates trending up, it makes sense that recruiting difficulty continues. We are also finally seeing a slight improvement in the new-hire compensation index.”

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