Philadelphia CFOs Report Fourth-Quarter Hiring Plans
Survey Finds Majority of Companies Optimistic About Business Growth During
PHILADELPHIA, Sept. 16, 2013
PHILADELPHIA, Sept. 16, 2013 /PRNewswire/ -- Nine percent of chief financial
officers (CFOs) in the Philadelphia area expect to add new professional-level
positions in the fourth quarter, according to the Philadelphia Professional
Employment Forecast from Robert Half. Fifteen percent of respondents will not
be hiring, even to fill an open position, and 4 percent plan to reduce staff
levels. Another 71 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. Nearly nine in 10 (89 percent) of CFOs expressed confidence in their
companies' growth potential for the quarter, with 34 percent of respondents
saying they are very confident.
The survey suggests, however, that organizations looking to expand and add
staff may face difficulties. More than half of the CFOs surveyed, 59 percent,
said it is at least somewhat challenging to find skilled candidates for
professional-level positions today.
"Businesses are generally optimistic about their growth prospects and, as a
result, they're focused on retaining their current talent and attracting new
candidates with hard-to-find skill sets," said Lori Hourigan, regional vice
president for Robert Half in Philadelphia. "The local service sector is also
gaining momentum, and we are seeing many initiatives that were postponed
during the recession starting to pick up again."
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 Philadelphia 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 9% 11%
Maintaining – only filling vacated positions 71% 71%
Freezing – not filling vacated positions or 15% 15%
creating new ones
Reducing – eliminating positions 4% 2%
Don't know/no answer 2% 2%
*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
Philadelphia area, please contact Stephanie Sweet at (617) 330-1651.
SOURCE Robert Half International Inc.
Contact: Stephanie Sweet, (617) 330-1651, email@example.com
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