HR professionals’ confidence in labor market continues to climb
Posted October 5, 2015
Confidence in the U.S. labor market continued to climb among human resources professionals this year, with more than two-thirds (69 percent) of HR professionals reporting confidence, according to the Jobs Outlook Survey from the Society for Human Resource Management (SHRM).
The positive response represents the highest level of optimism among HR professionals since the survey was launched in January 2009.
In another sign of optimism, more than four out of five HR professionals (85 percent) had positive views on their organizations’ financial health.
“Because HR professionals are actively involved in their organizations’ hiring activities, they have special insight into the ways their organizations are expanding, or are planning to expand, their workforce,” said Jen Schramm, manager of workforce trends at SHRM. “Their continued optimism indicates that the labor market has not lost its momentum as we begin to round out 2015.”
The SHRM report examines hiring and recruiting trends based on an annual survey of more than 600 public- and private-sector human resource professionals who have a role in staffing decisions. Survey respondents represent all sizes of companies in the United States.
HR professionals’ optimism, however, varied depending upon organization sector. Respondents from the government were the most confident at a combined level of 79 percent. Those from the nonprofit sector had the lowest combined level of faith in the job market at 59 percent.
Only 7 percent of respondents said their organizations would have layoffs during the second half of 2015, down from 9 percent in the second half of 2014.
A summary of the findings and past surveys are available online at www.shrm.org/research/monthlyemploymentindices/lmo/pages/default.aspx
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