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Rise in New Hires of Middle Managers and Professionals Expected to Continue for Second Half of 2005

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

Of the 198 executives interviewed for the study, 57.6 percent indicated plans to make additions to their staffs during the second half of 2005, up by 2.6 points from projections for the first half of the year and by 7.6 points as compared with this time last year. Another 29.3 percent plan to maintain their current staff sizes, down by 1.2 points, and 13.1percent plan to decrease their staff, down by 1.4 points.

"The steadily rising intent to increase hiring among the ranks of the mid-management and professional segment of the work force is a good sign that the structural rigidities in the labor market - including strict regulations on laying off workers and the setting of wages on a national basis - are being addressed," said Allen Salikof, CEO of MRI. "This could not only offset chronic unemployment problems, but also help Germany to meet the challenges of European economic integration and globalization."

Technology Sector Anticipates Greatest Growth

The highest anticipated increases are expected in technology, but a healthy increase should also be seen in manufacturing:

New Hire Plans Span Range of Company Sizes

The highest percentage of projected increases came in companies that employ less than 100 employees, but regardless of size, all companies surveyed anticipate that their plans for the second half of the year will include adding staff:

Do Sock Market Fluctuations Influence Hiring?

Survey participants were also asked to what extent stock market fluctuations influence their ability to attract and hire new employees. Only 18.3 percent reported a substantial effect, and the majority indicated that fluctuations had little or no effect:

"Although the stability of the stock market is an important component of a healthy economy, our findings support the idea that companies are not relying on its strength or weakness to make critical business decisions, such as hiring and staffing," commented Salikof. "As the market continues to fluctuate, companies must rely upon other economic indicators to evaluate the direction of their business and make any necessary staffing decisions to increase market share and drive revenues."

International Findings

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

About MRI

This is the 56th in an ongoing series of polls conducted by Management Recruiters International, Inc. (MRI). 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.MRInetwork.com.

MRI is the world's largest search and recruitment organization with more than 1,100 offices in over 35 countries and systemwide billings of over $425 million. MRI is a subsidiary of staffing and outsourcing leader CDI Corp. (NYSE: CDI), a global provider of engineering and information technology outsource solutions and professional staffing (www.cdicorp.com).