Fluid Power Hiring Activity Expected to Remain Strong

The latest results from NFPA’s State of the Fluid Power Industry survey give insight into members hiring plans and more. The graph below shows the monthly diffusion index for the question “what best describes your hiring plans over the next 3 months?”. The 3 answer options given to survey participants are:

  • Hire Employees
  • Keep Employment Stable
  • Layoff Employees

*SOFP Survey was not conducted for the months of May-July 2021. A trend is used to fill in the graph.

Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. For the above graph, an index reading above 50 indicates a general increase in hiring while below 50 indicates layoffs. The distance from 50 is indicative of the strength of the increase or decline.

NFPA’s State of the Fluid Power Industry Report is an opinion-based survey that utilizes data compiled from monthly replies of fluid power industry peers. Survey responses reflect the change, if any, in the monthly, quarterly, and annual state of our industry compared to previous benchmarks. This survey is sent out monthly to manufacturer and distributor members. Participants receive results to both individual surveys.

If you or someone in your company is interested in participating, please contact Sam Diedrich at sdiedrich@nfpa.com or 414-778-3372.

Recent Posts

Get to Know Our Staff – Carrie Berger, Administrative Manager

Carrie Berger Administrative Manager, National Fluid Power Association As the Administrative Manager here at NFPA, I wear a lot of different hats around the association. I have been here almost three years and have grown in my position over that time. I coordinate staff events as well as help plan and prepare for many of…

Read More

Fluid Power Forum Episode 88: Electronic Open Circuit Hydraulic Pumps Add New Capabilities for Mobile Equipment

Enrique is the Engineering Director responsible for components and systems at Bosch Rexroth, a manufacturer that provides industrial, mobile, and systems used in most industries. Bosch Rexroth has improved its’ versatile working machines thanks to electronic control of open-circuit pumps, and we invited Enrique into our forum to learn more about these applications and the…

Read More

2023 Annual Conference – Conference Attendee List and Upcoming Deadlines

2023 Annual ConferenceFebruary 14-16, 2023Ojai, CARegister | Book Your Hotel Room Fluid power professionals looking to connect with others in the industry will have ample opportunities at NFPA’s 2023 Annual Conference. You can plan your networking strategy using the AC See Who’s Attending list to preview who will be there, including CEOs, top decision-makers and other key players in the…

Read More