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August 22, 2006
September hiring projections appear strong as most employers from the manufacturing and service sectors plan to increase hiring in the coming five weeks, according to a report from the Society for Human Resource Management, of Alexandria, Va., and the Rutgers University School of Management and Labor Relations.
Their employment expectations report indicates strong expansion for manufacturers and service-sector employers through September.
But there are “clear indications” that while organizations are having success filling open positions, they are finding it increasingly difficult to recruit the skilled talent they need. This may be partially due to the fact that new-hire compensation remains flat, the report notes.
The manufacturing sector employment expectations for September increased from August, with 58 percent of employers reporting plans to hire in the next five weeks. Employers reported a small increase in the number nonexempt vacant positions, but overall there appears to be some progress in filling those positions, the SHRM-Rutgers report says.
Manufacturers are finding it more difficult to recruit skilled workers, but it does not appear to be putting pressure on new-hire compensation.
Fifty-three percent of service-sector employers reported plans to increase hiring in September. There was a 10 percent jump in the percentage of employers reporting vacant nonexempt positions, which follows a large July decline and may be the result of seasonal rebound from the July level, according to the report.
There was an increase in the number of HR professionals reporting difficulty in finding skilled workers, yet like manufacturing, this appears to be having little influence on new-hire compensation, according to SHRM-Rutgers.
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