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Increase in Hiring of Middle Managers and Profesionals Projected for First Half of 2005

(Munich) January 2005—New hires in the managerial and professional segment of the work force are expected to rise during the first half of the year, according to the latest survey by Management Recruiters International (MRI), the world's largest search and recruitment organization. The study, which was comprised of personal interviews with executives responsible for the hiring of middle management and professional staff at their organizations, included contacts from major industry sectors.

Of the 262 executives interviewed for the study, 55 percent indicated plans to make additions to their staffs during the first half of 2005, up by 5 points from projections for the last half of 2004. Another 30.5 percent plan to maintain their current staff sizes, down by 4.5 points, and 14.5 percent plan to decrease their staff, down by .5 of point.

"Our study demonstrates greater optimism than other recent reports on German unemployment and the economy," said Allen Salikof, president and CEO of MRI. "We believe companies that have been very cautious about making new hires now seem to be gearing up for expansion. They are more willing to make an investment in their businesses by adding to their mid-to-upper level management staff, which points to greater growth and momentum in the new year."

Technology Sector Anticipates Greatest Growth

While technology topped the list, several key industry sectors also plan significant staff additions during the first half of the year, notably the automotive industry which is predicting a rise in new car sales in 2005:

New Hire Plans Span Range of Comapny Sizes

Regardless of size, companies are projecting that their plans for early 2005 will included adding staff. The highest number came in companies that employ less than 100 employees, but the margin of difference among all company sizes was comparatively small:

"The fact that both large and small companies are anticipating growth in their workforce is a good sign that executives expect the economy to grow during the first half of the year," said Salikof. "Job prospects should be fairly healthy for mid-to-upper-level executives and professionals."

International Findings

The MRI International Survey also found that plans to increase hiring also cross international borders. Following are the findings in other countries surveyed by MRI:

Ongoing National Survey

This is the 55th in an ongoing series of polls conducted by Management Recruiters International, Inc. (MRI). The survey was conducted in accordance with the professional and ethical standards of the American Marketing Association and the Marketing Research Association.

MRI has 27 offices in Germany specializing in a wide range of industries and job functions in the executive and professional sector. A complete directory of the locations and contact information can be found at www.BrilliantPeople.com.

Management Recruiters International, Inc. is the world's largest search and recruitment organization with nearly 1,000 offices worldwide and systemwide billings of nearly $400 million. MRI is a subsidiary of staffing and outsourcing leader CDI Corp. (NYSE: CDI), a global provider of engineering and information technology project delivery and specialized staffing for Fortune 1000 companies (www.cdicorp.com).