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New Hires of Middle Managers and Professionals Projected for Second Half of 2005

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

Of the 104 executives interviewed for the study, 58.7 per cent indicated plans to make additions to their staffs during the second half of 2005. Another 34.6 per cent plan to maintain their current staff sizes, and only 6.7 per cent plan to decrease their staff size.

"Despite the loss of life and massive destruction of property in the southern provinces caused by the tsunami in December, the economy grew substantially in 2004," said XXXXXXX of MRI. "As one of East Asia's best performers, Thailand has seen consistent new job growth in the mid-management and professional segment of the work force."

New Hire Plans Span Range of Company Sizes

The highest projected increases came in companies with 500 to 1,000 employees, although companies of all sizes expect substantial increases in new hires:

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. Over 27 per cent reported a substantial effect, although 58.2 percent believe that it has 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 solely on its strength or weakness to make critical business decisions, such as hiring and staffing," commented XXXXXXXX. "As the market continues to fluctuate, companies must factor in other economic indicators to evaluate the direction of their business and make any necessary staffing decisions to increase market share and drive revenues."

Assessing the Supply of Qualified Candidates in Today's Marketplace

Survey participants were also asked to assess the supply of qualified candidates available in today's market. Nearly 39 per cent of those surveyed felt that there is a deficit of candidates with the right skills and qualifications.

What Are the Key Factors Contributing to Employee Job Satisfaction?

Survey participants were asked to rank the following factors in order of importance to job satisfaction among employees in their industry. Remuneration came out on top, closely followed by work/life balance, while training came at the bottom of the list.

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 the MRI International Survey
This is the 56th in an ongoing series of polls conducted by Management Recruiters International. This latest study surveyed 104 companies during May 2005

About MRI
Management Recruiters International, Inc. (www.MRInetwork.com) is the world's largest search and recruitment organisation with nearly 1,000 offices worldwide and system wide 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).