A survey of human resources professionals reveals low hiring expectations during October.
The snapshot of hiring trends is featured in the Leading Indicators of National Employment (LINE) Report conducted by the Alexandria-based Society for Human Resource management. The LINE survey polls HR professionals at more than 1,000 companies each month to gauge their hiring expectations.
The survey anticipates only a slight rise in hiring among manufacturers during October, with 30.4 percent of manufacturing companies hiring compared with 29.3 percent that added jobs one year ago.
In the service sector, hiring will decrease on a year-over-year basis. The survey shows that 29 percent of companies will add jobs during this month compared with a net of 39.4 percent one year ago.
The survey also revealed that companies with job openings report increased difficulty in filling key positions and slight increase in new-hire pay.
A net of 9.7 percent of HR managers in the manufacturing sector had more difficulty with recruiting in September, up 4.9 percentage points from one year ago.
In the service sector, 11.6 percent of respondents reported more difficulty in recruiting during September, an increase of 4.6 percentage points.
“Even with subdued hiring rates and elevated unemployment, once again we are seeing the recruiting difficulty index rise in both sectors,“ Jennifer Schramm, manager of workplace trends and forecasting at SHRM, said in a statement. “This suggests that employers are having difficulty connecting with jobseekers that possess the skills they are looking for.“
The LINE report shows that during September more companies increased rather than decreased new-hire compensation when compared with last year.
In the manufacturing sector, 8.7 percent of respondents reported increasing new-hire compensation last month, while A 7.9 percent of service-sector companies raised new-hire pay.
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