SHRM Report: Expect Modest Hiring Gains in September 2012
Alexandria, Va. – Sept. 6, 2012 – Four in 10 manufacturers and one in four
service-sector companies plan to hire workers in September 2012 according to a
report from the Society for Human Resource Management (SHRM).
The SHRM LINE Report—Leading Indicators of National Employment®--provides a
snapshot of month-ahead hiring expectations. (The Bureau of Labor Statistics
jobs report analyzes past-month hiring trends.)
The report also shows that manufacturing-sector hiring will rise by a net
of 12.4 points and service-sector hiring will inch up by a net of 2.7 points on
annual basis (comparing September 2012 with September 2011).
Respondents include HR professionals from 500 service-sector companies and
500 manufacturing companies.
A closer look shows:
--- In the manufacturing sector, 49.2 percent of HR professionals said
their company plans to hire workers while 8.4 percent will cut jobs, leaving a
positive net of 40.8 percent. The remaining 59.2 percent are expected to hold
steady with no hiring or layoffs in September 2012; and
--- In the service sector, 31.8 percent of companies will hire while 7
percent will trim payrolls, leaving a hiring net of 24.8 percent. The remaining
75.2 percent report no staffing changes are expected during September
2012.
“Though the employment-expectations indices for September are at least
pointing in the right direction, we still have a way to go before a long-term
pattern of strong, monthly hiring increases is reality,” said Jennifer Schramm,
GPHR, and manager of workplace trends and forecasting at SHRM.
LINE also features the only national monthly employment indices capturing
HR professionals’ month-ahead hiring expectations, and past-month recruiting
difficulty. The report also includes a new-hire compensation index and an index
of exempt and non-exempt job vacancies.
Recruiting difficulty inched up 0.1 point in the manufacturing sector and
slipped 1.8 points in the service sector on an annual basis, comparing August
2012 to August 2011. August is the most recent month for which data is
available.
Also, fewer companies reported increases in new-hire compensation. The
number of companies increasing new-hire compensation fell by 2.8 points in the
service sector and dropped by 0.7 points in the manufacturing sector on an
annual basis (comparing August 2012 to August 2011).
To read the full SHRM LINE Report, visit: http://www.shrm.org/line and click the
“Latest LINE Report” button. Follow SHRM Research on Twitter
@SHRM_Research.
Media: The SHRM LINE Report is released at 8:30 a.m. Eastern time on the
first Thursday of each month. The SHRM employment expectations index describes
the same time period referenced approximately one month later in the Employment
Situation Report issued by the Bureau of Labor Statistics.
About the Society for Human Resource Management
The Society for Human Resource Management (SHRM) is the world’s largest
association devoted to human resource management. Representing more than 250,000
members in over 140 countries, the Society serves the needs of HR professionals
and advances the interests of the HR profession. Founded in 1948, SHRM has more
than 575 affiliated chapters within the United States and subsidiary offices in
China and India. Visit SHRM Online at www.shrm.org and follow us on Twitter at www.twitter.com/SHRMPress
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