Strongest Gains Projected in South Atlantic Region
executives polled for the Robert Half International Financial Hiring Index
expect hiring in accounting and finance to accelerate during the fourth quarter
of 2007. Nine percent of chief financial officers (CFOs) surveyed said they plan
to add full-time employees and 3% expect staff reductions. The net 6% increase
is up three points from the third-quarter projection.
The national report is based on interviews with 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 first and largest staffing services firm specializing
in accounting and finance. Robert Half has been tracking financial hiring
activity in the United States since 1992.
"Company expansion and recurring compliance mandates that create more demands
for financial teams continue to contribute to a tight hiring market for skilled
accounting and finance professionals," said Max Messmer, chairman and CEO of
Robert Half International. "The most experienced candidates are receiving
multiple employment offers, and more organizations are extending counteroffers
to retain top performers."
Forty-one percent of CFOs who anticipate hiring in the fourth quarter cited
rising workloads as the primary driver of demand, while 37% said business growth
was the leading factor.
Accounting and Financial Hiring By Region
Atlantic states are projected to experience the most active hiring. A net 11% of
CFOs in the region anticipate adding full-time accounting and finance
professionals. Twelve percent of those polled plan to bring in personnel and 1%
"Businesses in the South Atlantic region seek highly skilled accounting and
finance professionals to handle responsibilities ranging from budget forecasting
and corporate governance activities to financial statement preparation and
strategic planning," said Messmer. "In particular demand are staff and cost
accountants, senior-level financial analysts and internal auditors."
Hiring activity in the Pacific and West South Central states also is forecast
to exceed the national average. A net 8% of CFOs in each region expect to add
staff during the 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
industries, executives in the construction and finance, insurance and real
estate sectors are most optimistic about hiring. Sixteen percent of CFOs from
construction firms plan to bring in staff in the fourth quarter and none expect
a reduction in personnel levels. In the finance, insurance and real estate
industry, a net 11% of executives anticipate adding financial professionals
during the quarter.
Source: Robert Half Finance and Accounting and