New York City CFOs Report Fourth-Quarter Hiring Plans
Survey Finds Nearly All Companies Optimistic About Business Growth During
NEW YORK, Sept. 16, 2013
NEW YORK, Sept. 16, 2013 /PRNewswire/ --Ten percent of chief financial
officers (CFOs) in New York City expect to add new professional-level
positions in the fourth quarter, according to the New York City Professional
Employment Forecast from Robert Half. Seventeen percent of respondents will
not be hiring, even to fill an open position, and 5 percent plan to reduce
staff levels. Another 67 percent said they will hire for roles that open
during the next three months.
Despite a somewhat cautious hiring outlook, most executives are optimistic
about their business prospects for the fourth quarter. More than nine in 10
(93 percent) CFOs expressed confidence in their companies' growth potential
for the quarter, with 39 percent of respondents saying they are very
The survey suggests, however, that organizations looking to expand and add
staff may face difficulties. More than half of the CFOs surveyed, 62 percent,
said it is at least somewhat challenging to find skilled candidates for
professional-level positions today.
"The vast majority of New York City executives are confident in their
companies' growth prospects and that translates to hiring," said Dawn Fay,
district president for Robert Half in New York City. "There is a steady demand
for project and contract professionals across all industries, and business
optimism is the first indicator that more permanent positions will follow
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 New York City 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% 12%
Maintaining – only filling vacated positions 67% 70%
Freezing – not filling vacated positions or 17% 11
creating new ones
Reducing – eliminating positions 5% 7%
Don't know/no answer 1% 1%
*Numbers 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 New York
City, please contact Stephanie Sweet at (617) 330-1651.
SOURCE Robert Half International Inc.
Contact: Stephanie Sweet, (617) 330-1651, firstname.lastname@example.org
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