Manufacturers are finding it more difficult to find skilled workers to fill
key positions and some are offering higher starting wages in response, according
to a monthly report by the Society for Human Resource Management (SHRM) and
the Rutgers University School of Management and Labor Relations.
The two organizations collaborate to issue the Leading Indicator of National
Employment (LINE), a monthly report on trends in the national job market.
The report includes a recruiting-difficulty index, which tracks efforts by
manufacturers to recruit highly qualified individuals to fill the positions
most critical to a firm's success. The index is at its highest level in the
19 months since the two organizations began recording data.
Meanwhile, compensation offered to new hires rose from July to August even
though overall manufacturing employment declined during that period, according
to the report.
The researchers say that currently there is no indication of wide spread wage
inflation, but if the job market for skilled workers continues to tighten, there will be greater
pressures on manufacturers to increase new-hire compensation.
For the monthly report, SHRM and Rutgers survey human resource professionals
at manufacturing firms.
Read more about compensation
in the Salary Center.