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Report: CFOs and Other Execs Not Hiring

  • By Andrew Deichler
  • Published: 2012-06-04

Treasury and finance professionals should settle in to their current positions for a while, if the Robert Half Professional Employment Report for Q3 2012 is any indication.
 
According to the report, which surveyed 4,000 U.S.-based C-level executives and other senior managers—including 1,400 CFOs— staffing levels in accounting and finance are expected to remain stable. Fully 93 percent of CFOs expect no changes in personnel in the third quarter. Three percent said they intend to add staff, while 4 percent see cutbacks.

The dearth of hiring does not stem from a dismal outlook; 76 percent of CFOs reported confidence in their organizations’ growth prospects for the quarter. Rather, respondents blame an inability to find adequate candidates for high-demand positions, despite vacancies in those areas. Fully 69 percent said it is a challenge to find skilled financial professionals today, up 7 percent from the second quarter survey.

Positions in top demand include financial analysts, staff and senior accountants and business systems analysts.

Mid-Atlantic states are projected to be the most active in hiring. Fully 6 percent of executives in the region are planning to add professional-level staff.

By industry, professional-level hiring is expected to be the strongest in the transportation sector. Six percent of respondents said they would make additions. Transportation has led in projections for this category for three consecutive quarters.

By field, the legal profession topped the list, with 30 percent of lawyers planning to add staff. Additionally, 11 percent of advertising and marketing executives said they would hire in the quarter.

Copyright © 2014 Association for Financial Professionals, Inc.
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