Boston CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 65 Percent of Boston Companies Experiencing Recruiting Challenges

Mar 16, 2016, 08:00 ET from Robert Half

BOSTON, March 16, 2016 /PRNewswire/ -- Boston executives expect professional-level hiring to increase in the next six months, according to the just-released Boston Professional Employment Forecast from Robert Half. Eighteen percent of local chief financial officers (CFOs) anticipate their company will create new jobs. Another 67 percent plan to hire only for open roles.

CFOs were asked, "What are your company's hiring plans for full-time, professional-level employees in the next six months?" Their responses:


March – Aug. 2016

Sept. 2015 – Feb. 2016*

Expanding – adding new positions

18%

19%

Maintaining – only filling vacated positions

67%

68%

Freezing – not filling vacated positions or creating new ones

14%

10%

Reducing – eliminating positions

1%

2%

Don't know/no answer

0%

0%


*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"The competition for top talent remains strong among local employers, particularly in healthcare, technology and education," said Corey Adams, regional president for Robert Half in Boston. "Many companies in the Boston area are re-examining their compensation and benefits packages in an effort to attract and retain the most in-demand professionals."

Recruiting Challenges
Sixty-five percent of Boston CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 64 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-five percent of Boston executives said it's at least somewhat more challenging to find skilled candidates for finance and accounting positions today compared to three years ago.

Business Confidence
According to the Professional Employment Forecast, Boston CFOs are optimistic about company growth. Ninety-two percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months.

About the Professional Employment Forecast
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-period rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Boston area with 20 or more employees. Executives were asked about their hiring and business outlook, including plans to add professional-level employees in areas such as accounting, finance, human resources, administrative, legal, marketing and information technology.

About Robert Half
Founded in 1948, Robert Half is the world's first and largest specialized staffing firm. The Menlo Park, Calif.-based company has more than 330 staffing locations worldwide and offers online job search and management tools at roberthalf.com. For additional career and management insights, visit roberthalf.com/boston-manchester.

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SOURCE Robert Half