New York City CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 91 Percent of New York City Companies Confident About Business Growth

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

NEW YORK, March 16, 2016 /PRNewswire/ -- New York City executives expect professional-level hiring to remain steady over the next six months, according to the just-released New York City Professional Employment Forecast from Robert Half. Fifteen percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up one point from the previous six-month period. Another 74 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

15%

14%

Maintaining – only filling vacated positions

74%

75%

Freezing – not filling vacated positions or creating new ones

8%

9%

Reducing – eliminating positions

2%

1%

Don't know/no answer

0%

1%

*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"Skilled candidates are receiving multiple job offers. This trend has local companies scrambling to sell themselves as employers of choice," said Dawn Fay, district president for Robert Half. "Hiring managers are also doing everything they can to speed up the hiring process — especially in industries such as financial services, real estate and professional services —  where top candidates aren't available for long."

Recruiting Challenges
Fifty-four percent of New York City 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-seven percent of New York City 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, New York City 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 two points 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 New York City 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, follow roberthalf.com/new-york/blog.

 

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SOURCE Robert Half



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