CFOs Report on Q1 2007 Financial Hiring Outlook
- The net 3% increase is one point below the fourth-quarter projection. 90% of the respondents expect no change in hiring activity.
- 55% of CFOs who anticipate hiring accounting and finance staff in the first quarter cited business growth as the reason, up from 46% in the fourth-quarter survey.
- 21% of financial executives polled said rising workloads are driving the need for additional staff.
“Continued hiring, driven by business expansion, rising workloads and ongoing compliance initiatives, has created a tight labor market for skilled accounting and finance professionals,” said Max Messmer, chairman and CEO of Robert Half International. “This is prompting increased competition for the best talent, especially for positions such as staff and senior accountant, internal auditor and financial analyst.”By Industry
Among industries, the most active hiring in the first quarter is projected to take place within business services. 11% of financial executives polled from this sector plan to add staff, while 3% foresee personnel reductions, a net 8% increase in hiring activity.
Financial hiring in the construction, retail and finance, insurance and real estate industries at a net 4% will also outpace the national average.
The national poll includes responses from more than 1,400 CFOs from a stratified random sample of U.S. companies with 20 or more employees. It was conducted by an independent research firm and developed by Robert Half International.