CFOs: More Likely To Hire Than Fire
Despite rising employment in the nation at large, CFOs are slightly more likely to be hiring accounting and finance staff than reducing their numbers, according to the Robert Half International Financial Hiring Index.
Nine percent of those surveyed said they plan to add full-time employees, while 8 percent expect to get rid of them and 82 percent said they don’t expect to make any changes.
Robert Half said the percentage planning reductions is higher than it’s been in the past three years, but the percentage looking to hire is also higher than average for that period.
In New England, 9 percent of respondents said they plan to add new positions, while 6 percent plan to lose people.
The staffing firm, which based the index on interviews with more than 1,400 CFOS, said that it’s still hard for financial executives to fill some positions. It said 28 percent of those surveyed said they have the most difficulty filling accounting positions, and another 20 percent said financial jobs are the hardest.
CFOs in the manufacturing industry are most eager to hire rather than fire, while those in transportation are most prepared to do the opposite.
Nine percent of those in manufacturing said they plan to add accounting and finance staff in the first quarter, compared to just 3 percent that expect to reduce their staffs. In transportation, 9 percent plan to hire, but 19 percent expect to decrease their numbers.
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