Cincinnati CFOs Report Fourth-Quarter Hiring Plans
Survey Finds Majority of Companies Optimistic About Business Growth During
CINCINNATI, Sept. 16, 2013
CINCINNATI, Sept. 16, 2013 /PRNewswire/ -- Ten percent of chief financial
officers (CFOs) in the Cincinnati area expect to add new professional-level
positions in the fourth quarter, according to the Cincinnati Professional
Employment Forecast from Robert Half. Thirteen percent of respondents will not
be hiring, even to fill an open position, and 4 percent plan to reduce staff
levels. Another 70 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 eight in 10 (87 percent) CFOs expressed confidence in their
companies' growth potential for the quarter, with 39 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, 67 percent,
said it is at least somewhat challenging to find skilled candidates for
professional-level positions today.
"Business optimism and companies in transition, including those impacted by
mergers or new leadership, are fueling demand for permanent and temporary
employees," said Maria Ebel, regional vice president for Robert Half in
Cincinnati. "The unemployment rate for accounting and finance professionals
remains low, creating challenges for hiring managers who need to fill critical
The Professional Employment Forecast was developed by Robert Half, the
world's first and largest specialized staffing firm, and 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 Cincinnati area with 20 or more employees.
CFOs were asked, "What are your company's hiring plans for full-time
professional-level employees in the fourth quarter?" Their responses:
Fourth Quarter Third Quarter
Expanding – adding new positions 10% 13%
Maintaining – only filling vacated positions 70% 68%
Freezing – not filling vacated positions or 13% 13%
creating new ones
Reducing – eliminating positions 4% 5%
Don't know/no answer 2% 1%
*Responses do not total 100 percent due to rounding.
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
Cincinnati 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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