Salt Lake City CFOs Report Fourth-Quarter Hiring Plans
Survey Finds Majority of Companies Experiencing Recruiting Challenges
SALT LAKE CITY, Sept.16, 2013 /PRNewswire/ -- The just released Salt Lake City Professional Employment Forecast from Robert Half shows 75 percent of CFOs plan to hire for roles that open during the next three months, with an additional ten percent planning to expand and create new positions in the fourth quarter. Ten percent of respondents will not be hiring, even to fill an open position, and 3 percent plan to reduce staff levels. Another 75 percent said they will hire for roles that open during the next three months.
Most executives are optimistic about their business prospects for the fourth quarter. More than eight in 10 (83 percent) CFOs expressed confidence in their companies' growth potential for the quarter, with more than one-third (39 percent) of all respondents saying they are very confident.
The survey suggests, however, that organizations looking to expand and add staff may face difficulties. More than half of CFOs surveyed, 58 percent, said it is at least somewhat challenging to find skilled candidates for professional-level positions today.
"We are seeing signs of stable and consistent growth in the months ahead," said Kristina Marinovich, district president for Robert Half in Salt Lake City. "As companies look to sustain momentum in the fourth quarter, many are bringing in professionals on a temporary-to-full-time basis to help meet business demands."
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-quarter rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Salt Lake City area with 20 or more employees.
CFOs were asked, "What are your company's hiring plans for full-time professional-level employees in the fourth quarter?" Their responses:
Fourth Quarter |
Third Quarter |
|
Expanding – adding new positions |
10% |
10% |
Maintaining – only filling vacated positions |
75% |
73% |
Freezing – not filling vacated positions or creating new ones |
10% |
13% |
Reducing – eliminating positions |
3% |
3% |
Don't know/no answer |
1% |
1% |
99%* |
100% |
|
*Responses do not total 100 percent due to rounding. |
Founded in 1948, Robert Half is the world's first and largest specialized staffing firm. Find more information at www.roberthalf.com.
Note to editors: To speak with a local expert on employment trends in the Salt Lake City area, please contact Katie Evans at (925) 913-1928.
SOURCE Robert Half
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