Twin Cities CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 65 Percent of Minneapolis/St. Paul Companies Experiencing Recruiting Challenges

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

MINNEAPOLIS, March 16, 2016 /PRNewswire/ -- Minneapolis/St. Paul area executives expect professional-level hiring to increase in the next six months, according to the just-released Twin Cities Professional Employment Forecast from Robert Half. Sixteen percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up one point from the previous six-month period. Another 74 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%

15%

Maintaining – only filling vacated positions

74%

75%

Freezing – not filling vacated positions or creating new ones

9%

6%

Reducing – eliminating positions

2%

3%

Don't know/no answer

0%

0%


*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"The demand for top talent in the Twin Cities is strong," said Jim Kwapick, district president for Robert Half in the Minneapolis/St. Paul area. "Financial analysts, senior accountants and professionals with internal audit experience are highly sought after, especially for acquisition integrations, system implementations and reorganization projects related to shared services consolidations. Most importantly, employers are looking for workers who can add value beyond report generation and help operational leadership make solid business decisions."

Recruiting Challenges
Sixty-five percent of CFOs surveyed in the Twin Cities said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 59 percent in the previous six months.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty percent of Twin Cities executives said it's 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, Twin Cities CFOs are optimistic about company growth. Ninety 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 Twin Cities 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/minneapolis-st-paul.

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SOURCE Robert Half



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