INCREASED FINANCIAL HIRING ANTICIPATED IN SECOND QUARTER

Hiring_up

Greatest Activity Forecast in South Atlantic Region

 

MENLO PARK, CA — Chief financial officers (CFOs) expect increased hiring
activity in the second quarter, according to the Robert Half Financial Hiring
Index.  Seven percent of executives polled anticipate bringing
in full-time employees and 2 percent plan reductions in
personnel.  The net 5 percent increase is up two points from
the first-quarter forecast.  Fifty-five percent of CFOs who
will be hiring said business growth is the driver.

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, the world’s largest staffing services firm specializing in
accounting, finance and information technology.  Robert Half has been tracking
financial hiring activity in the United States since 1992.

“Companies are eager to take advantage of new business opportunities,” said
Max Messmer, chairman and CEO of Robert Half International.  “Corporate growth,
combined with the ongoing need to address regulatory and governance mandates, is
resulting in demand for accounting and finance staff.”

Messmer added, “Talent shortages are affecting a growing number of specialty
areas within accounting and finance.  Reflecting the competitive market for
these professionals, candidates often receive counteroffers when they announce
plans to leave their current firms.”

Accounting and Financial Hiring
— By Region

Hiring is projected to be strongest in the South Atlantic1 states.  A net 9
percent
of CFOs in this region expect to add accounting and finance
employees in the coming quarter.  Ten percent of respondents
said they plan to bring in staff and 1 percent anticipate
reductions.

“Fueled by growth in the professional services, finance and construction
sectors, hiring in the South Atlantic is accelerating,” said Messmer.  “Internal
auditors are sought for compliance projects, and tax accountants are in demand
as companies bring more tax work in-house.”

Hiring in the Mountain2 and Middle Atlantic3 states also is forecast to exceed the national
average.  Respectively, a net 8 percent and net 7
percent
of financial executives in these regions plan to add staff in
the second quarter.

Robert Half has conducted additional CFO interviews in major metropolitan
areas to provide more detailed analyses of financial hiring trends in these
markets.  The local results are available at www.roberthalf.com/PressRoom.

Accounting
and Financial Hiring — By Industry

Among industries, executives in the wholesale sector are most optimistic
about hiring.
Twelve percent of CFOs in this industry
anticipate bringing in full-time accounting and finance employees in the second
quarter and none expect to reduce personnel levels.

Hiring activity in manufacturing is expected to outpace national projections
as well; a net 8 percent of respondents from this sector plan
to expand their teams.  Construction also is forecast to see above-average
hiring activity, with a net 7 percent of executives
anticipating staff additions during the second quarter.

Robert Half International was founded in 1948 and is traded on the New York
Stock Exchange.  Its financial staffing divisions include Robert
Half® Finance & Accounting, Accountemps® and Robert
Half®Management Resources, for full-time, temporary and senior-level
project professionals, respectively.  The company has more than 350 staffing
locations throughout North America, Europe and the Asia-Pacific region, and
offers online job search services on its divisional websites, all of which can
be accessed at
www.rhi.com.

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