Cleveland CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 61 Percent of Cleveland Companies Experiencing Recruiting Challenges

16 Mar, 2016, 08:10 ET from Robert Half

CLEVELAND, March 16, 2016 /PRNewswire/ -- The just-released Cleveland Professional Employment Forecast from Robert Half shows 11 percent of Cleveland chief financial officers (CFOs) expect their company to create new jobs in the next six months. Another 70 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

11%

13%

Maintaining – only filling vacated positions

70%

69%

Freezing – not filling vacated positions or creating new ones

16%

14%

Reducing – eliminating positions

3%

4%

Don't know/no answer

0%

0%

View an infographic featuring the survey results.

"Many Cleveland companies are experiencing steady growth and, as they expand, they're adding staff to help with new projects, new vendors and upgraded systems," said Alan Reisinger, regional vice president for Robert Half in Cleveland. "Employers seek candidates who can deliver quality work at a fast pace and adapt to new systems quickly. Cost, staff and senior accountants, along with payroll, human resources and executive assistants, are just some of the roles in high demand — especially within the healthcare and manufacturing sectors."

Recruiting Challenges
Sixty-one percent of Cleveland CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 55 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Fourteen percent of Cleveland executives said it's much more challenging or 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, Cleveland CFOs are optimistic about company growth. Ninety-one percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months, up one point from six months ago.

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 Cleveland 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 information, visit roberthalf.com/cleveland-akron.

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SOURCE Robert Half



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