San Diego CFOs Expect Increased Hiring In Next Six Months

Survey Finds 88 Percent of San Diego Companies Confident About Business Growth

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

SAN DIEGO, March 16, 2016 /PRNewswire/ -- San Diego executives expect professional-level hiring to increase in the next six months, according to the just-released San Diego Professional Employment Forecast from Robert Half. Nineteen percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up three points from the previous six-month period. Another 65 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

19%

16%

Maintaining – only filling vacated positions

65%

70%

Freezing – not filling vacated positions or creating new ones

14%

11%

Reducing – eliminating positions

1%

3%

Don't know/no answer

1%

1%

*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"We're seeing strong business growth in San Diego, particularly in the technology, biotech, healthcare and construction sectors," said Brett Good, senior district president for Robert Half. "A big issue among employers is how to retain the top performers they already have, because those workers now have so much more opportunity to move to other firms. We're seeing more companies incorporating retention strategies, which have become crucial as businesses continue to expand."

Recruiting Challenges
Fifty-seven percent of San Diego CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 54 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-six percent of San Diego 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, San Diego CFOs are optimistic about company growth. Eighty-eight percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months, up three 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 San Diego 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/san-diego.

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SOURCE Robert Half



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