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SHRM: October hiring expected to be weak

Hiring this month is expected to be even weaker than in October 2010, especially with the difficulties in recruiting and higher compensation levels, according to a survey by the Society for Human Resource Management.

By Amanda McGrory-Dixon | Updated on October 07, 2011

Hiring this month is expected to be even weaker than in October 2010, especially with difficulties in recruiting and higher compensation levels, according to a survey by the Society for Human Resource Management.

The survey, which interviewed HR professionals from more than 1,000 U.S. companies, finds that the service sector will decrease hiring from last year by a net of 10.4 points, with 29 percent of companies planning to add jobs in October 2011 compared to 39.4 percent from last year. The manufacturing sector, however, will increase hiring but only by 1.1 points from 2010, meaning 30.4 percent of manufacturing companies will hire during October 2011 compared to 29.3 percent from last year.

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