Business Report

EMPLOYMENT SQUEEZE Having trouble recruiting employees? No wonder. Manpower Inc. says demand for new workers in the July-September quarter will be at a 20-year high. Of the more than 15,600 firms surveyed by the staffing services company, 32% said they expected to add new employees, 59% said they planned to maintain their present staffing level, and only 5% intended to decrease their work force. Among retailers and wholesalers, even more – 36% – have hiring plans, and only 4% envision layoffs. One sign of the hot hiring market: According to U.S. News & World Report, demand for college graduates is so strong that recruiters from about 50 companies flew to Daytona Beach, Fla., during spring break this year. They actually recruited on the beach. Turnover rates are also alarmingly high, suggesting that in this tight labor market employers are poaching talent from the competit
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