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Hiring expectations, recruiting difficulty rise, SHRM says

March 05, 2015

Hiring expectations in US manufacturing rose for the 12th straight month in March when compared with the same month in the previous year, according to the leading indicators of a national employment report released today by the Society for Human Resource Management. Service-sector hiring expectations also edged up.

The report’s survey found 53.9% of manufacturing companies plan to hire in March while 9.4% plan to reduce their workforces for a net increase of 44.5%, down from a net increase of 39.3% in March 2014.

Among service-sector companies, 51.2% plan to add staff in March and 7.2% plan to cut their workforces for a net increase of 44.0%, up from a net increase of 41.6% percent in March 2014 and a four-year high for the month.

Layoff rates will also rise in both sectors compared with March 2013.

Additionally, March marked the 10th consecutive month that recruiting difficulty reached a four-year high for the month. A net of 26.0% of manufacturing respondents said they had more difficulty with recruiting in February, up from 7.2% in the same month in 2014. A net of 13.7% of service-sector organizations also reported difficulty, up from 10.3% in February of last year.

The report is based on a survey of human resource executives at more than 500 manufacturing and 500 service-sector firms.