St. Louis CFOs Reveal Hiring Plans For Next Six Months

Survey Finds Fifty-Five Percent of St. Louis Companies Experiencing Recruiting Challenges

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

ST. LOUIS, March 16, 2016 /PRNewswire/ -- The just-released St. Louis Professional Employment Forecast from Robert Half shows 15 percent of St. Louis chief financial officers (CFOs) expect their company to create new jobs in the next six months. 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%

78%

Freezing – not filling vacated positions or creating new ones

12%

10%

Reducing – eliminating positions

1%

1%

Don't know/no answer

0%

0%


*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"The St. Louis hiring market is robust, and we're seeing demand for skilled professionals across industries," said Tama Emery, metro market manager for Robert Half in St. Louis. "The healthcare, manufacturing, construction and real estate sectors are especially strong, and this growth is contributing to a competitive hiring environment. It's definitely a candidate's market, and employers should be ready to make an attractive offer when they find someone they want to hire."

Recruiting Challenges
Fifty-five percent of St. Louis 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. Thirty-two percent of St. Louis 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, St. Louis CFOs are optimistic about company growth. Ninety-three percent of CFOs 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 St. Louis 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/st-louis.  

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SOURCE Robert Half



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