Most Active Hiring Predicted in West South Central States
MENLO PARK, CA — Ten percent of chief financial officers
(CFOs) plan to add accounting and finance staff during the first quarter of 2008
and 4 percent anticipate personnel reductions, according to the
Robert Half International Financial Hiring Index. The net 6
percent increase is unchanged from the fourth-quarter 2007 forecast.
The majority of respondents, 86 percent, foresee no change in
Forty-two percent of CFOs who expect hiring increases cited
rising workloads as the primary reason, while 30 percent
attributed the demand to anticipated business expansion.
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.
“Many employers are concerned about their ability to recruit skilled
accounting and finance professionals amid continued competition for this
talent,” said Max Messmer, chairman and CEO of Robert Half International. “The
demand has resulted in higher salaries for positions such as staff accountant,
internal auditor and financial analyst.”
Accounting and Financial
Hiring — By Region
Hiring is expected to be strongest in the West South Central1 region, where a net 12
percent of CFOs anticipate adding full-time accounting and finance
professionals: 14 percent of executives surveyed will be hiring
and just 2 percent project cutbacks.
“Companies in the West South Central states are hiring accounting and finance
personnel to help meet expansion objectives,” Messmer said. “In particular,
employers seek professionals for positions in general accounting, cost
accounting and tax.”
Hiring activity in the Middle Atlantic2 and Pacific3 states also is expected to exceed the national
average. A net 9 percent of CFOs in the Middle Atlantic region
and 8 percent in the Pacific states expect to add staff during
Robert Half has conducted additional CFO interviews in major metropolitan
areas to provide snapshots of financial hiring trends in these markets. The
local results are available at www.roberthalf.com/PressRoom.
and Financial Hiring — By Industry
Among all industries, executives in the business services sector are most
optimistic about hiring. A net 15 percent of CFOs from business
services firms expect to hire additional staff in the first quarter.
Above-average hiring activity also is expected in manufacturing; 12
percent of executives said they plan to expand their accounting and
finance teams during the first quarter and 3 percent foresee
personnel reductions, a net 9 percent increase.
Robert Half International was founded in 1948 and is traded on the New York
Stock Exchange. Its financial staffing divisions include
Accountemps®, Robert Half® Finance & Accounting and
Robert Half® Management Resources, for temporary, full-time and
senior-level project professionals, respectively. The company has more than 350
staffing locations in North America, South 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.