Dallas/Fort Worth CFOs Reveal Hiring Plans For Next Six Months

Survey Finds Ninety-Five Percent of Dallas/Fort Worth Companies Confident About Growth

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Sep 08, 2015, 08:10 ET

DALLAS, Sept. 8, 2015 /PRNewswire/ -- The just-released Dallas/Fort Worth Professional Employment Forecast from Robert Half shows 12 percent of Dallas/Fort Worth chief financial officers (CFOs) expect their company to create new jobs in the next six months. Another 73 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:

Dallas/Fort Worth Professional Employment Forecast Fall/Winter 2016

	Sept. 2015 – Feb. 2016*	March – Aug. 2015
Expanding – adding new positions	12%	14%
Maintaining – only filling vacated positions	73%	69%
Freezing – not filling vacated positions or creating new ones	11%	12%
Reducing – eliminating positions	2%	3%
Don't know/no answer	1%	2%
*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"The hiring market has gotten more competitive in Dallas/Fort Worth," said Mark Malone, senior regional vice president of Robert Half in Dallas. "One major challenge is the ability for employers to condense and streamline their hiring process. Good candidates are receiving multiple offers within weeks, sometimes days, so employers with a lengthy hiring process are losing out to the competition. In this environment, it's wise for hiring managers to continually reevaluate their compensation levels in order to ensure a quick and competitive offer."

Recruiting Challenges
Organizations looking to add staff may face difficulties, Robert Half's research shows. Fifty-four percent of Dallas/Fort Worth CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today.

Business Confidence
According to the Professional Employment Forecast, Dallas/Fort Worth 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. This compares to 93 percent in the previous six months.

Compensation Upgrades
To address staffing challenges, some firms are strengthening the salary and benefits they offer. Thirty-four percent of Dallas/Fort Worth 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 Dallas/Fort Worth 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/dallas-ft-worth.

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SOURCE Robert Half