SHRM Survey Sees Rising Job Creation Rates
Hiring will increase in the manufacturing and service sectors compared with November 2013, according to the society’s Leading Indicators of National Employment survey out Nov. 6.
The Society for Human Resource Management released results from its Leading Indicators of National Employment survey Nov. 6, showing that hiring will increase this month in the manufacturing and service sectors compared with November 2013 and could reach four-year highs.
SHRM also reported that millions of unfilled positions are hurting some employers, however, and that 80 percent of the more than 3,300 SHRM members polled from Dec. 16, 2013, though Jan. 16, 2014, for SHRM's 2014 Economic Conditions survey said their organizations' overall financial health is "good" or "excellent." SHRM released the Global Competition and Hiring Strategies and Recruiting and Skills Gaps reports Oct 30.
"November's employment expectations data is fairly upbeat," said Jennifer Schramm, GPHR, SHRM's manager of workforce trends and forecasting. "Hiring activity will continue to increase as a net of more than two out of five manufacturing and more than one-third of service sector firms say they'll be adding to head count."