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MRI Survey Predicts Bouyant Recruitment Market Across Europe

Strong Supply of Qualified Candidates Makes It an Employer's Market

Windsor - 12 July 2005—Management Recruiters International (MRI), the world's largest search and recruitment organisation, announced the results of its bi-annual international hiring survey, which found that 60 per cent of companies across the UK and Europe believe that there is no problem with candidate supply in today's marketplace. This contrasts with 40 per cent of companies that believe there is a shortage of qualified candidates available, which lends support to the ongoing debate on skill shortages across Europe.

The MRI International Survey found that European markets are optimistic about increasing their staff levels in the second half of this year. Germany came out on top, with nearly 58 per cent of companies sampled intending to hire mid-to-upper level management and professional staff, whilst less than 30 per cent of Swedish companies believe they will increase their staff levels. The following are the findings from across Europe:

"Our survey reveals that there is a definite air of confidence amongst companies across Europe with regard to hiring mid-to-upper level management and professional staff, with a projected increase of 43 per cent in the second half of this year," said Steve Mills, Senior Vice President of Operations for MRI Worldwide.

"However, companies should not become complacent in what looks set to be a buoyant market, when it comes to hiring. As companies project a significant increase in recruiting at this level over the course of the next six months, they must ensure their hiring processes are second to none, in order to attract the pick of the crop. Companies may also wish to consider expanding their searches and look at candidates from other markets in the EU, to increase the talent pool."

Do Sock Market Fluctuations Influence Hiring?

"Although the stability of the stock market is an important component of a healthy economy, our findings support the idea that companies in Europe are not relying on its strength or weakness to make critical business decisions, such as hiring and staffing," commented Mills. "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."

What Are the Key Factors Contributing to Employee Job Satisfaction?

Each European market was asked to rank the following factors in order of importance to job satisfaction amongst employees in their industry. Remuneration came on top, closely followed by work/life balance, while training came bottom of the list, in each market.

About the MRI International Survey
This is the 56th in an ongoing series of polls conducted by Management Recruiters International. This latest study surveyed 1,620 across the Europe - including the UK, Austria, Belgium, Germany, Norway, Portugal, Spain, Sweden and Switzerland 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).