San Francisco CFOs Reveal Hiring Plans For Next Six Months

Robert Half Survey Finds Majority of San Francisco Companies Optimistic About Business Growth

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Sep 07, 2016, 08:11 ET

SAN FRANCISCO, Sept. 7, 2016 /PRNewswire/ -- The just-released San Francisco Professional Employment Forecast from Robert Half shows 17 percent of San Francisco CFOs expect their company to create new jobs in the next six months. Another 67 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	17%	16%
Maintaining – only filling vacated positions	67%	73%
Freezing – not filling vacated positions or creating new ones	13%	12%
Reducing – eliminating positions	2%	0%
Don't know/no answer	1%	0%

*Responses do not total 100 percent due to rounding.

View an infographic featuring the survey results.

Recruiting Challenges
Sixty-two percent of San Francisco CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. This compares to 59 percent in our survey of the previous six months.

San Francisco executives (46 percent) also said finding skilled workers is their greatest staffing challenge.

"San Francisco continues to be a highly competitive market," said Sharon Black, senior district president for Robert Half in the San Francisco Bay Area. "Employers need to find ways to keep their hiring processes streamlined so they don't lose top candidates to competitors. Hiring managers should examine the accuracy of their job descriptions and job postings, which can impact the caliber of applicants."

Business Confidence
According to the Professional Employment Forecast, San Francisco CFOs are optimistic about their company's growth. Ninety 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 San Francisco 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/san-francisco-bay-area.

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SOURCE Robert Half