Cincinnati CFOs Expect Increased Hiring In Next Six Months
Survey Finds 61 Percent of Cincinnati Companies Experiencing Recruiting Challenges
Survey Finds 61 Percent of Cincinnati Companies Experiencing Recruiting Challenges
CINCINNATI, March 16, 2016 /PRNewswire/ -- Cincinnati executives expect professional-level hiring to increase in the next six months, according to the just-released Cincinnati Professional Employment Forecast from Robert Half. Twenty-one percent of local chief financial officers (CFOs) anticipate their company will create new jobs, up five points from the previous six-month period. Another 65 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 |
21% |
16% |
| Maintaining – only filling vacated positions |
65% |
73% |
| Freezing – not filling vacated positions or creating new ones |
13% |
10% |
| Reducing – eliminating positions |
1% |
1% |
| Don't know/no answer |
0% |
0% |
View an infographic featuring the survey results.
"Cincinnati's job market continues to tighten due to near full employment at the professional level and new job creation," said Maria Ebel, senior regional vice president for Robert Half in Cincinnati. "While trying to secure top talent, hiring managers are contending with competing offers, counteroffers and declined offers. Compensation is on the rise for full-time hires, consultants and temporary professionals due to the growing demand for talent in this market. Notably, we're seeing more employers seeking staff accountants and financial analysts with skills in general ledger, variance analysis and cross-functional communication."
Recruiting Challenges
Sixty-one percent of Cincinnati CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 56 percent in the previous six months.
Many firms are facing increased difficulty staffing financial positions, the research found. Nineteen percent of Cincinnati 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, Cincinnati CFOs are optimistic about company growth. Ninety-four percent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months, up two points from six months ago.
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 Cincinnati 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 information, visit roberthalf.com/cincinnati.
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SOURCE Robert Half
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