Hiring Upturn Will Continue in August

Kate Kennedy

In August, hiring rates will increase slightly in the manufacturing and service sectors compared with a year ago, according to the Society for Human Resource Management’s (SHRM) Leading Indicators of National Employment (LINE) survey for August 2014.

Manufacturers, services will grow payrolls in August. Roughly half of manufacturers (50.2 percent) and more than one-third of service-sector companies (35.8 percent) will add jobs in August.

Recruiting difficulty increased in July. Difficulty in recruiting candidates for key jobs rose in July in both sectors compared with a year ago.

More employers raised pay for new hires in July. The rate of increase for new-hire compensation rose in July in both sectors compared with a year ago. The LINE Employment Report examines four key areas:  mployers’ 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.

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