CFOs Expect Financial Hiring to Increase in First Quarter; Robert Half Financial Hiring Index:

CFOs Expect Financial Hiring to Increase in First Quarter; Robert Half Financial Hiring Index: Recruiting Difficulties Rise

Looking toward the new year, chief financial officers (CFOs) expect the financial hiring outlook to improve in the first quarter. Twenty percent of executives interviewed for the Robert Half Financial Hiring Indexsaid they plan to add full-time accounting and finance employees, while 11 percent forecast staff decreases. The resulting net 9 percent increase is up four points from the fourth-quarter survey and represents the third consecutive quarter of sequential growth.

Although hiring plans may be on the upswing, companies are facing difficulties finding professionals with the right skills to fill a number of key roles. Sixty-eight percent of executives reported recruiting challenges, up from 59 percent in the fourth quarter and 41 percent in the third quarter.

The Robert Half Financial Hiring Index, part of the company's quarterly Professional Employment Report, is based on telephone interviews with more than 1,400 CFOs across the United States. It was conducted by an independent research firm and developed by Robert Half International, the world's first and largest staffing services firm specializing in accounting and finance. Robert Half has been tracking financial hiring activity in the United States since 1992.

"Competition for the best employees is intensifying, and, at the same time, these professionals are beginning to feel increasingly comfortable exploring new roles at other firms," said Max Messmer, chairman and CEO of Robert Half International. "Businesses are still selective when hiring but understand they need to move quickly once the right candidate is identified."