March Hiring Rate Should Tick Up in Manufacturing, Services
March Hiring Rate Should Tick Up in Manufacturing, Services
Hiring activity in March is likely to increase in the manufacturing and service sectors compared with a year earlier, according to the Society for Human Resource Management’s Leading Indicators of National Employment survey. A net of 44.5% of manufacturers and 44.0% of service-sector companies will add jobs this month.
In February, pay rates for both sectors improved from a year earlier, and recruiting difficulty increased. A net of 12.0% of manufacturers reported increasing new-hire compensation in February, up 5.3 points from a year ago. A net total of 18% of service-sector companies increased new-hire compensation in February, up 8.0 points from a year ago. A net of 26.0% of manufacturers had more difficulty with recruiting in February, up 18.8 points from a year ago. A net of 13.7% of service-sector companies had more difficulty recruiting in February, up 3.4 points from a year ago.
Source Credit: Society for Human Resource Management (03/05/15)
Picture Credit: ibnlive.in.com
