Houston CFOs Expect Increased Hiring In Next Six Months

Survey Finds 59 Percent of Houston Companies Experiencing Recruiting Challenges

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

HOUSTON, March 16, 2016 /PRNewswire/ -- Houston executives expect professional-level hiring to increase in the next six months, according to the just-released Houston Professional Employment Forecast from Robert Half. Twenty-five percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up three points from the previous six-month period. Another 62 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

25%

22%

Maintaining – only filling vacated positions

62%

68%

Freezing – not filling vacated positions or creating new ones

10%

8%

Reducing – eliminating positions

3%

2%

Don't know/no answer

0%

0%

View an infographic featuring the survey results.

"It's certainly an interesting time for many Houston companies," said Phil Willingham, district president for Robert Half in Houston. "Hiring in oil and gas has slowed, but there has been job growth in the healthcare, real estate, construction and petrochemical sectors. We're also seeing companies hiring both full-time and interim employees, a strategy that provides employers staffing flexibility while allowing them to maintain productivity and efficiency levels."

Recruiting Challenges

Fifty-nine percent of Houston CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-eight percent of Houston executives said it's 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, Houston CFOs are optimistic about company growth. Ninety-five percent of CFOs 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 Houston 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/houston.  

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SOURCE Robert Half



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