San Francisco CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 91 Percent of San Francisco Companies Confident About Business Growth

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

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

16%

13%

Maintaining – only filling vacated positions

73%

77%

Freezing – not filling vacated positions or creating new ones

12%

8%

Reducing – eliminating positions

0%

2%

Don't know/no answer

0%

0%

                        *Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"Highly skilled candidates continue to be in great demand throughout the San Francisco Bay Area, with tenured professionals receiving multiple job offers, particularly in technology, financial services and healthcare," said Sharon Black, senior district president for Robert Half in the San Francisco Bay Area. "San Francisco ranked as a top city for career-oriented professionals, according to the recently released Robert Half and Economist Intelligence Unit study. This is a testament to the Bay Area truly being a global financial mecca with abundant career opportunities for top talent."

Recruiting Challenges
Fifty-nine percent of San Francisco CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 52 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty-nine percent of San Francisco 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 Francisco 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.

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 Francisco 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-francisco-bay-area.

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SOURCE Robert Half



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