San Francisco Bay Area CFOs Reveal Hiring Plans For Next Six Months

Survey Finds 35 Percent of San Francisco Bay Area Companies Are Modifying Compensation Levels

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Sep 08, 2015, 08:10 ET

SAN FRANCISCO, Sept. 8, 2015 /PRNewswire/ -- The just-released San Francisco Bay Area Professional Employment Forecast from Robert Half shows 13 percent of San Francisco Bay Area chief financial officers (CFOs) expect their company to create new jobs in the next six months. Another 77 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:

San Francisco Professional Employment Forecast Fall/Winter 2016

	Sept. 2015 – Feb. 2016	March – Aug. 2015
Expanding – adding new positions	13%	15%
Maintaining – only filling vacated positions	77%	74%
Freezing – not filling vacated positions or creating new ones	8%	9%
Reducing – eliminating positions	2%	2%
Don't know/no answer	0%	0%

View an infographic featuring the survey results.

"Highly skilled candidates are in great demand throughout the San Francisco Bay Area, and they often receive multiple job offers with competitive compensation packages," said Sharon Black, senior district president for Robert Half in the San Francisco Bay Area. "We're seeing particular demand for professional-level candidates in accounting, finance, administration and technology. Recruitment and retention are crucial as businesses here continue to launch and expand."

Recruiting Challenges
Organizations looking to add staff may face difficulties, Robert Half's research shows. Fifty-two percent of San Francisco Bay Area 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, San Francisco Bay Area CFOs are optimistic about their company's growth. Ninety-three 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. Thirty-five percent of San Francisco Bay Area 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 San Francisco Bay 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/san-francisco-bay-area.

Photo- http://photos.prnewswire.com/prnh/20150904/263903-INFO

SOURCE Robert Half