Detroit CFOs Report Fourth-Quarter Hiring Plans
Survey Finds Majority of Companies Optimistic About Business Growth During
DETROIT, Sept. 16, 2013
DETROIT, Sept. 16, 2013 /PRNewswire/ -- Twelve percent of chief financial
officers (CFOs) in the Detroit area expect to add new professional-level
positions in the fourth quarter, according to the Detroit Professional
Employment Forecast from Robert Half. Eighteen percent of respondents will not
be hiring, even to fill an open position, and 4 percent plan to reduce staff
levels. Another 64 percent said they will hire for roles that open during the
next three months.
Most executives are optimistic about their business prospects for the fourth
quarter. More than nine in 10 (91 percent) CFOs expressed confidence in their
companies' growth potential for the quarter, with 43 percent of respondents
saying they are very confident.
The survey suggests, however, that organizations looking to expand and add
staff may face difficulties. The majority of the CFOs surveyed, 64 percent,
said it is at least somewhat challenging to find skilled candidates for
professional-level positions today.
"Companies positioned for growth are looking to hire top candidates now as
fewer professionals will consider career moves at the end of the year," said
Robin Ankton, regional vice president for Robert Half in Detroit. "Hiring
managers who want to start 2014 fully staffed should consider strategies such
as working with a staffing firm that knows the market for accounting and
finance professionals, adopting internal referral bonus programs, and
developing strong training and mentoring programs for entry-level hires."
The Professional Employment Forecast was developed by Robert Half, the
world's first and largest specialized staffing firm, and are conducted by an
independent research firm. The local results reflect a two-quarter rolling
average based on interviews with 200 CFOs from a stratified random sample of
companies in the Detroit area with 20 or more employees.
CFOs were asked, "What are your company's hiring plans for full-time
professional-level employees in the third quarter?" Their responses:
Fourth Quarter Third Quarter
Expanding – adding new positions 12% 12%
Maintaining – only filling vacated positions 64% 70%
Freezing – not filling vacated positions or 18% 10%
creating new ones
Reducing – eliminating positions 4% 7%
Don't know/no answer 2% 2%
Founded in 1948, Robert Half is the world's first and largest specialized
staffing firm. Find more information at www.roberthalf.com.
Note to editors: To speak with a local expert on employment trends in the
Detroit area, please contact Lisa Montagna at (727) 576-7717.
SOURCE Robert Half International Inc.
Contact: Lisa Montagna, (727) 576-7717, firstname.lastname@example.org
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