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January 19, 2015

More firms willing to negotiate starting salaries

More than two of every five companies are more willing to negotiate salaries for new, skilled candidates than they were a year ago, another sign of a more competitive job market for employers, according to the results of a study by global staffing firm Robert Half.

The survey of more than 2,100 chief financial officers in the United States found that 41 percent of them are more open to negotiate starting pay, while only 9 percent are less willing.

But the trick is finding the talent, CFOs say. More than two-thirds of executives surveyed, 68 percent, cited at least some difficulty finding applicants with the right skills, up 5 points from a survey last year.

In a separate question, the vast majority of CFOs, 93 percent, said they’re at least somewhat confident in their company's prospects for growth in the next six months.

"Companies recognize they have growth opportunities in front of them, but many are struggling to find the skilled people they need to make that growth happen," said Paul McDonald, senior executive director for Robert Half. "The hiring environment is very competitive. Employers must move quickly and efficiently through the hiring process, while still taking special care to not skip any steps along the way."

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