Cincinnati CFOs Report Third-Quarter Hiring Plans

Survey Finds Majority of Companies Optimistic About Business Growth During Quarter

PR Newswire

CINCINNATI, June 10, 2013 /PRNewswire/ -- Thirteen percent of chief financial officers (CFOs) in the Cincinnati area expect to add new professional-level positions in the third quarter, according to the Cincinnati 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 68 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. More than 8 in 10 (86 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 the CFOs surveyed, 64 percent, said it is at least somewhat challenging to find skilled candidates for professional-level positions today.

"Hiring the right person for full-time and project opportunities remains a challenge for local organizations," said Maria Ebel, regional vice president for Robert Half in Cincinnati.  "Identifying talent is only one step in the hiring process. The best candidates continue to have multiple offers, so employers should evaluate their hiring processes and compensation packages."

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 Cincinnati 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 

13%

18%

Maintaining -- only filling vacated positions 

68%

66%

Freezing -- not filling vacated positions or creating new ones

13%

15%

Reducing -- eliminating positions

5%

1%

Don't know/no answer 

1%

0%


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 Cincinnati area, please contact Lisa Montagna at (727) 576-7717.

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