Although employers are expected to continue hiring in June, the pace is expect to slow for the fifth time in the last six months as opposed to the same month in 2011, according to a report from the Society for Human Resource Management.
The report, which includes responses from 500 service-sector companies and 500 manufacturing companies, reveals that service-sector hiring is predicted to fall by a net of 14 points while manufacturing-sector hiring is expected to decrease by a net of 3.2 points in comparison from June 2011. Still, this month does show some positive signs in that many more respondents say they plan to hire rather than lay off workers.
Among the respondents from the manufacturing sector, 49 percent say their organizations plan to bring in more employees, and only 5.2 percent say they intend to cut jobs, which results in a positive net of 43.8 percent. The other 45.8 percent of respondents say they anticipate no work force changes.
For respondents in the service sector, 31 percent say they expect to hire employees; however, 8.6 percent plan to cut workers for a net of 22.4 percent. At 60.4 percent, most are planning for no staffing changes.
“The monthly LINE findings continue to show positive net employment expectations; however, year-over-year comparisons paint a somewhat less rosy picture,” says Jennifer Schramm, GPHR, and manager of workplace trends and forecasting at SHRM.
According to the most recent recruiting-difficulty index data in May 2012, finding the right talent is slightly easier. In fact, difficulty fell 0.3 points in the manufacturing sector and 0.2 points in the service sector on an annual basis. The latest new-hire compensation index data, which was calculated in May 2012, kept at a flat rate, and of the few companies that did offer higher wages and compensation, it marked the highest net in four years for both sectors during the month of May.