South-Western - Management  
More Employers Plan to Hire Middle Managers in First Half
Topic Human Resources
Key Words Hiring trends, middle management, layoffs
News Story 

Employers plan to hire more midlevel and professional staffers in the first half of this year, reversing a trend of thinning the ranks of middle management over the past several years. The hiring increase comes as a relief for many who were laid off, or who had to take on additional responsibilities to compensate for others who had been let go. Eric Goodstadt, Management Recruiters International's chief marketing officer says many positions will be restored from those that were cut in 2002 and 2003. Only 3.9% of companies plan to eliminate positions in the first half of this year, down from 7.4% at the beginning of last year.

Hiring is expected to be especially aggressive in the construction industry, aerospace and aviation, manufacturing, health care, and the automotive business. The need for financial professionals has also increased as a result of the Sarbanes-Oxley legislation. Many of the accounting positions required to fulfill the demands of the new legislation started out as temporary needs and have become permanent.

Questions
1.

Define workforce forecasting and how it relates to projections for hiring and layoffs.

2.

The article mentions hot areas of growth for hiring in 2005. Choose one area and describe why you think hiring will be active in that area. What are the factors that determine growth in a particular industry?

Source "More Employers Plan to Hire Middle Managers in First Half," The Wall Street Journal, Feb. 1, 2005, pp.NA.
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