Boston Area CFOs Reveal Hiring Plans For Next Six Months
Survey Finds Nearly Half of Boston Companies Modifying Compensation Levels as Recruiting Challenges Increase
BOSTON, Sept. 8, 2015 /PRNewswire/ -- The just-released Boston Professional Employment Forecast from Robert Half shows 19 percent of Boston area chief financial officers (CFOs) expect their company to create new jobs in the next six months, up three points from the previous period. Another 68 percent plan to hire 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:
Sept. 2015 – Feb. 2016* |
March – Aug. 2015 |
|
Expanding – adding new positions |
19% |
16% |
Maintaining – only filling vacated positions |
68% |
76% |
Freezing – not filling vacated positions or creating new ones |
10% |
6% |
Reducing – eliminating positions |
2% |
2% |
*Responses do not total 100 percent due to rounding. |
View an infographic featuring the survey results.
"Energy, technology and healthcare are all growing in the Boston area, and retention has become a major concern, especially in these industries," said Corey Adams, metro market manager for Robert Half in Boston. "Candidates with the most in-demand skills, including expertise with enterprise resource planning, regulatory reporting and Excel, are in particularly strong demand and often receive multiple job offers."
Recruiting Challenges
Organizations looking to add staff may face difficulties, Robert Half's research shows. Sixty-four percent of Boston CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This is up from the 54 percent reported for the previous six months.
Business Confidence
According to the Professional Employment Forecast, Boston CFOs are optimistic about their company's growth. Ninety-five percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months.
Compensation Upgrades
To address staffing challenges, some firms are strengthening the salary and benefits they offer. Forty-two percent of Boston CFOs surveyed said they have modified their company's compensation plan in the past 12 months as a way to enhance recruiting and retention efforts.
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 Boston 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, 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 340 staffing locations worldwide and offers online job search and management tools at roberthalf.com. For career and management advice, follow our blog at roberthalf.com/boston-manchester.
Photo - http://photos.prnewswire.com/prnh/20150904/263991-INFO
SOURCE Robert Half
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