Denver CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 44 Percent of Denver Companies Modifying Compensation

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Sep 08, 2015, 08:10 ET

DENVER, Sept. 8, 2015 /PRNewswire/ -- The just-released Denver Professional Employment Forecast from Robert Half shows 16 percent of Denver chief financial officers (CFOs) expect their company to create new jobs in the next six months. Another 76 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:

Denver Professional Employment Forecast Fall/Winter 2016

	Sept. 2015 – Feb. 2016	March – Aug. 2015*
Expanding – adding new positions	16%	17%
Maintaining – only filling vacated positions	76%	72%
Freezing – not filling vacated positions or creating new ones	5%	8%
Reducing – eliminating positions	2%	1%
Don't know/no answer	1%	1%
*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

"Denver is still one of the best cities in the country in which to find a job," said Karen Policastro, senior regional vice president for Robert Half in Denver. "With low unemployment rates and new companies moving to the area, it's a candidate market, and skilled professionals generally have their pick of career opportunities. Employers who want to recruit top talent and keep their best on board should consider reevaluating their compensation levels, benefits and professional development options, because it's not uncommon for employees to leave for a better offer."

Recruiting Challenges

Organizations looking to add staff may face difficulties, Robert Half's research shows. Fifty-eight percent of Denver 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, Denver CFOs are optimistic about their company's growth. Ninety-four 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, many firms are strengthening the salary and benefits they offer. Forty-four percent of Denver 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 Denver 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/denver.

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SOURCE Robert Half