Salt Lake City CFOs Expect Increased Hiring In Next Six Months

Survey Finds Sixty-Two Percent of Salt Lake City Companies Experiencing Recruiting Challenges

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

SALT LAKE CITY, March 16, 2016 /PRNewswire/ -- Salt Lake City executives expect professional-level hiring to increase in the next six months, according to the just-released Salt Lake City Professional Employment Forecast from Robert Half. Fifteen percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up five points from the previous six-month period. Another 73 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%

10%

Maintaining – only filling vacated positions

73%

74%

Freezing – not filling vacated positions or creating new ones

10%

13%

Reducing – eliminating positions

2%

2%

Don't know/no answer

0%

0%

*Responses do not total 100 percent due to rounding.

 

View an infographic featuring the survey results.

"There are a number of factors contributing to the strong hiring environment in Salt Lake City," said Damian Garcia, regional vice president for Robert Half in Salt Lake City. "Our diverse business culture, low cost of living and the increasing number of career opportunities throughout the energy, healthcare, aerospace and technology sectors are attracting more job seekers to the area."

Recruiting Challenges
Sixty-two percent of Salt Lake City CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 57 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-four percent of Salt Lake 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, Salt Lake City CFOs are optimistic about company growth. Ninety-five percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months, up one point 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 Salt Lake 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, visit roberthalf.com/salt-lake-city.  

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SOURCE Robert Half



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