Report: Manufacturing, Service Sectors to Hire in April
Companies in the manufacturing and services sectors will hire more workers in April 2010 owing to incremental improvements in the U. S. economy, compared with 2009, the latest Society for Human Resource Management (SHRM) Leading Indicators of National Employment (LINE) survey released today, revealed.
For the sixth straight month, hiring is up. The percentage of manufacturing companies that expect to hire in April 2010 will be at a level not seen since June 2008, while service sector hiring will reach an all time high not seen since July 2008.
Difficulties recruiting top level talent will persist, as seen in March 2010, according to the results of the survey.
Compensation for new hires also rose slightly in March 2010. The rate of new-hire compensation rose on an annual basis for the second consecutive month in both sectors, the survey revealed.
The LINE Employment Report looks at four key areas: employers’ hiring expectations, difficulty in recruiting top-level talent, new hire compensation, and job vacancies.