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September hiring projections appear strong as most employers from the manufacturing sector plan to increase hiring in the coming five weeks. The findings are reported in the September report of the Leading Indicator of National Employment (LINE), a collaborative effort between the Society for Human Resource Management (SHRM) and the Rutgers University School of Management and Labor Relations.
LINE's employment expectations index indicates strong expansion for manufacturers and service-sector employers through September. There are clear indications, however, that while organizations are having success filling open positions, they are finding it increasingly difficult to recruit the skilled talent they need. This may be partially due to the fact that new-hire compensation remains flat.
The indicator reports on four employment measures: job expectations, job vacancies, new-hire compensation and recruitment difficulty. To view the full report, visit http://www.shrm.org/LINE.
The manufacturing employment expectations for September increased from August, with 58 percent of employers reporting plans to hire in the next five weeks. Employers reported a small increase in the number non-exempt vacant positions, but overall there appears to be some progress in filling those positions. Manufacturers are finding it more difficult to recruit skilled workers, but it does not appear to be putting pressure on new-hire compensation.