San Francisco Bay Area CFOs Report Third-Quarter Hiring Plans
Survey Finds 89 Percent of Companies Optimistic About Business Growth During Quarter
SAN FRANCISCO, June 10, 2013 /PRNewswire/ -- Twelve percent of chief financial officers (CFOs) in the San Francisco Bay Area expect to add new professional-level positions in the third quarter, according to the San Francisco Bay Area Professional Employment Forecast from Robert Half. Thirteen percent of respondents will not be hiring, even to fill an open position, and 5 percent plan to reduce staff levels. Another 69 percent said they will hire for roles that open during the next three months.
Most executives are optimistic about their business prospects for the third quarter. Nearly nine in 10 (89 percent) CFOs expressed confidence in their company's growth potential for the quarter, with 38 percent of respondents saying they are very confident.
The survey suggests, however, organizations looking to expand and add staff may face difficulties. The majority of CFOs surveyed, 55 percent, said it is at least somewhat challenging to find skilled candidates for professional-level positions today.
"Companies are making strategic hires to support anticipated future growth," said Sharon Black, senior district president for Robert Half in the San Francisco Bay Area. "Demand persists for specialized professionals, particularly within the financial services, healthcare and nonprofit sectors."
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 San Francisco Bay Area with 20 or more employees.
CFOs were asked, "What are your company's hiring plans for full-time professional-level employees in the third quarter?" Their responses:
Third Quarter |
Second Quarter |
|
Expanding -- adding new positions |
12% |
13% |
Maintaining -- only filling vacated positions |
69% |
71% |
Freezing -- not filling vacated positions or |
||
creating new ones |
13% |
15% |
Reducing -- eliminating positions |
5% |
0% |
Don't know/no answer |
1% |
1% |
100% |
100% |
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 San Francisco Bay Area, please contact Katie Evans at (925) 913-1928.
SOURCE Robert Half
Share this article