Philadelphia CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 93 Percent of Philadelphia Companies Confident About Business Growth

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

PHILADELPHIA, March 16, 2016 /PRNewswire/ -- The just-released Philadelphia Professional Employment Forecast from Robert Half shows 13 percent of local 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

13%

13%

Maintaining – only filling vacated positions

70%

71%

Freezing – not filling vacated positions or creating new ones

11%

11%

Reducing – eliminating positions

5%

4%

Don't know/no answer

1%

1%

 

View an infographic featuring the survey results.

"Companies in the Philadelphia area are struggling to fill positions, particularly professional-level roles that require advanced skill sets in accounting and technology," said Stephanie Naznitsky, regional president for Robert Half. "To win the war for talent, employers need to sell not only their compensation packages, but also emphasize less-conventional benefits such as wellness programs and professional development opportunities."

Recruiting Challenges
Sixty-three percent of Philadelphia 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 percent of Philadelphia 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, Philadelphia CFOs are optimistic about company growth. Ninety-three percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months, up seven 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 Philadelphia 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/philadelphia/blog.

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SOURCE Robert Half



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