Los Angeles CFOs Reveal Hiring Plans For Next Six Months

Robert Half Survey Finds 95 Percent of Los Angeles Companies Optimistic About Business Growth

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Sep 07, 2016, 08:11 ET

LOS ANGELES, Sept. 7, 2016 /PRNewswire/ -- The just-released Los Angeles Professional Employment Forecast from Robert Half shows 19 percent of Los Angeles CFOs expect their company to create new jobs in the next six months. Another 65 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. 2016 – Feb. 2017*	March 2016 – Aug. 2016*
Expanding – adding new positions	19%	22%
Maintaining – only filling vacated positions	65%	62%
Freezing – not filling vacated positions or creating new ones	14%	13%
Reducing – eliminating positions	1%	4%

*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

Recruiting Challenges
Fifty-nine percent of Los Angeles CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today, up from 51 percent six months ago.

Los Angeles executives (37 percent) also said finding skilled workers is their greatest staffing challenge.

"Employees are looking for new opportunities and are not hesitant to leave their current employers," said Brett Good, senior district president for Robert Half. "Couple this with CFOs citing increased challenges in finding individuals with in-demand attributes in a market favorable for skilled talent, and it should be no surprise that employers are turning their attention to staff retention and backfilling a higher number of open positions due to voluntary turnover."

Business Confidence
According to the Professional Employment Forecast, Los Angeles CFOs are optimistic about their company's growth. Ninety-five percent of executives reported being somewhat or very confident in their company's prospects in the next six months.

About the Professional Employment Forecast
The Professional Employment Forecast was developed by Robert Half 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 Los Angeles 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 company, based in Menlo Park, California, has more than 340 staffing locations worldwide and offers job search and management tools at roberthalf.com. Additional insights on the latest hiring trends also can be found in the company's just-released 2017 Salary Guides. For more career and management insights, visit roberthalf.com/los-angeles.

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SOURCE Robert Half