Earlier this week the Society for Human Resources Management (SHRM) released the Leading Indicators for National Employment (LINE) with predictions of scattered hiring with stronger hiring for manufacturing sector and increased recruiting difficulty expected during April 2014. The LINE report predicts reduced hiring for the service sector in April compared to the March. Despite softer hiring predictions for the service sector there is still job growth compared to a year ago.
The LINE report also looks at the recruiting efforts from the previous month of March. Human Resources departments surveyed continue to have difficulty finding candidates for key jobs. Many of these Human Resources departments identify there remains a shortage of talent. The LINE Report reflects on new hire compensation from the previous month. New hire compensation increased in both service and manufacturing sectors. Compensation is considered an important recruiting factor since it is used to attract or retain new employees.
To view the full report go to LINE Employment Report for April 2014.
The LINE report is published by SHRM and is the only report that projects hiring expectations for the upcoming month. This report is released a month ahead of the US Department of Labor, Bureau of Labor Statistics (BLS) Employment Situation Report and has shown a high degree of accuracy when compared to the BLS report. The LINE report is compiled by surveying 1000 Human Resource departments in the manufacturing sector and service sectors. The report asks the Human Resources departments if they plan to add workers during the month. Combined these two sectors employs 90% of the country's private sector work force. The next LINE report will be published May 1, 2014 with predictions of hiring activity for the month of May.
View my profile and select “SUBSCRIBE” to get instant updates in your email.