22 Percent Of New York CFOs Say Their Companies Will Hire For New Positions In Next Six Months
Survey Finds Majority of Companies Optimistic About Business Growth
NEW YORK, Sept. 11, 2014 /PRNewswire/ -- Twenty-two percent of chief financial officers (CFOs) in the New York City area report their companies will be creating new jobs in the next six months, according to the New York City Professional Employment Forecast From Robert Half. Sixty-three percent of finance executives said they will be maintaining personnel levels, adding staff only to fill vacated positions. Ten percent of respondents will not be hiring, even to fill an open position, and 5 percent plan to reduce staff levels.
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 are based on interviews with 100 CFOs from a stratified random sample of companies in the New York City area with 20 or more employees. Executives were asked about their hiring and business outlook, including plans to add professional-level employees, for example, staff in the accounting, human resources, administrative, legal, marketing and information technology fields.
CFOs were asked, "What are your company's hiring plans for full-time professional-level employees in the next six months?" Their responses:
| Expanding – adding new positions |
22% |
| Maintaining – only filling vacated positions |
63% |
| Freezing – not filling vacated positions or creating new ones |
10% |
| Reducing – eliminating positions |
5% |
| 100% |
View an infographic featuring the survey results.
"Business confidence influences not only managers but employees as well, and this optimism leads workers who may not have considered looking for a new opportunity previously to start a job search," said Dawn Fay, district president for Robert Half in New York City. "As these professionals leave, employers who may not have filled a vacant role a few years ago are realizing they do not have that option in this economic climate. This is creating competition for top talent, and all indications are it will continue."
Recruiting Challenges
The survey results suggest organizations looking to expand and add staff may face difficulties. The majority of CFOs surveyed (73 percent) said it is at least somewhat challenging to find skilled candidates for professional-level positions today.
Business Confidence
Executives are optimistic about their business prospects. Ninety-four percent of CFOs expressed confidence in their company's growth potential for the next six months, with more than half (56 percent) of respondents saying they are very confident.
Spotlight on Salary Negotiations
In another sign the job market is heating up, many employers appear to be negotiating more frequently with top job candidates. Thirty-nine percent of respondents said they're more willing to negotiate salaries than they were 12 months ago, compared to just 15 percent who are less willing.
About Robert Half
Founded in 1948, Robert Half is the world's first and largest specialized staffing firm. The Menlo Park-based company has more than 340 staffing locations worldwide and offers online job search and management tools at roberthalf.com. For career and management advice, follow our blog at blog.roberthalf.com.
Note to editors: To speak with a local expert on employment trends in the New York City area, please contact Lisa Montagna at (727) 576-7717.
SOURCE Robert Half
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