Phoenix CFOs Reveal Hiring Plans For Next Six Months

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

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

PHOENIX, March 16, 2016 /PRNewswire/ -- The just-released Phoenix Professional Employment Forecast from Robert Half shows 18 percent of Phoenix chief financial officers (CFOs) expect their company to create new jobs in the next six months. Another 66 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

18%

17%

Maintaining – only filling vacated positions

66%

72%

Freezing – not filling vacated positions or creating new ones

13%

8%

Reducing – eliminating positions

1%

2%

Don't know/no answer

1%

2%

                         *Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"In just the last six months, we've seen the Phoenix business landscape change dramatically with more companies, both large and small, moving to the area," said Brett Good, senior district president for Robert Half in Phoenix. "This trend, in combination with decreasing unemployment rates, has created a competitive hiring environment. Employers should get ahead of the game and carefully consider their compensation levels, benefits and professional development options, because it's not uncommon for job seekers to have their pick of opportunities."  

Recruiting Challenges
Sixty-three percent of Phoenix CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 60 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-one percent of Phoenix 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, Phoenix 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.

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 Phoenix 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/phoenix.  

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SOURCE Robert Half



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