Detroit CFOs Expect Increased Hiring In Next Six Months

Survey Finds 90 Percent of Detroit Companies Confident About Business Growth

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

DETROIT, March 16, 2016 /PRNewswire/ -- Detroit executives expect professional-level hiring to increase in the next six months, according to the just-released Detroit Professional Employment Forecast from Robert Half. Fourteen percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up two points from the previous six-month period. Another 67 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

14%

12%

Maintaining – only filling vacated positions

67%

73%

Freezing – not filling vacated positions or creating new ones

16%

12%

Reducing – eliminating positions

4%

4%

Don't know/no answer

0%

0%

*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"Business expansions, mergers and acquisitions, and projects such as new system implementations are driving much of the professional-level hiring in Detroit, especially for staff and senior accountants, controllers, and SEC external reporting managers," said Robin Ankton, regional vice president for Robert Half in Detroit. "The war for talent is in full force, as evidenced by a growing number of employers who are improving their hiring process and focusing on retention – with an emphasis on providing professional development opportunities and work-life balance."

Recruiting Challenges
Fifty-three percent of Detroit CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today.

Many firms are facing increased difficulty staffing financial positions, the research found. Twenty percent of Detroit 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, Detroit 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 Detroit 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/detroit.

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SOURCE Robert Half



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