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Controllers cautious on hiring outlook.

Employment may stabilize late in 1992, but there is little indication of a rebound in hiring activity. That's the message given by a midJuly survey of 3,500 members of the Institute of Management Accountants controllers council.

Of the controllers polled, 62% expected employment levels for their companies to remain stable for the next 6 months. Only 17% anticipated an increase in hiring, while the remaining 21% expected layoffs in late 1992.

The majority (64%) of those expecting to add employees anticipated a need for production line workers, while fewer (8%) saw a need for management. The remaining 28% expected new employees in clerical and administrative areas.

Almost half (46%) of those expecting a decline anticipated layoffs in clerical and administrative areas; another 26%, in management; and the remaining 28%, in production line workers.
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Publication:Journal of Accountancy
Article Type:Brief Article
Date:Oct 1, 1992
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