Denver CFOs Reveal Hiring Plans For Next Six Months

Survey Finds Sixty-Three Percent of Denver Companies Experiencing Recruiting Challenges

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

DENVER, March 16, 2016 /PRNewswire/ -- The just-released Denver Professional Employment Forecast from Robert Half shows 14 percent of Denver chief financial officers (CFOs) expect their company to create new jobs in the next six months. Another 76 percent said they 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

14%

16%

Maintaining – only filling vacated positions

76%

76%

Freezing – not filling vacated positions or creating new ones

8%

5%

Reducing – eliminating positions

1%

2%

Don't know/no answer

0%

1%

*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"Denver has a diverse business landscape that continues to attract many companies, both large and small," said Karen Policastro, senior regional vice president of Robert Half in Denver. "Hiring is expanding in a number of areas including healthcare, real estate, construction and manufacturing. In this market, top candidates often have their pick of opportunities, so employers should get ahead of the game and present competitive and attractive offers."

Recruiting Challenges

Sixty-three percent of Denver CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 58 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-eight percent of Denver 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, Denver CFOs are optimistic about company growth. Ninety-four 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 Denver 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/denver. 

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SOURCE Robert Half