CFOs forecast increase in hiring, poll finds

Sept. 8, 2011
A telephone survey of CFOs at 1,400 U.S. companies finds that most plan to boost hiring efforts in the fourth quarter this year, according to global human resources firm Robert Half International

A telephone survey of CFOs at 1,400 U.S. companies finds that most plan to boost hiring efforts in the fourth quarter this year, according to global human resources firm Robert Half International.

According to its survey, based on a random sample of U.S. companies with 20 or more employees, 12% of the CFOs polled anticipate adding employees, while 7% expect staff reductions. The net 5% of CFOs planning to hire is up four points from the third-quarter study and the highest projection in three years, noted Max Messmer, chairman &CEO of Robert Half International, in a statement.

CFOs also reported optimism about the overall outlook for their companies, he added, with 91% expressing at least some confidence in their firm’s growth potential in the fourth quarter - 55% saying they are very confident, while 36% reported being somewhat confident.

Messmer also noted that, on an industry level, executives in the professional services sector are most likely to hire in the fourth quarter, with 14% of their CFOs planning to add staff with only 5% expecting cutbacks.

CFOs in manufacturing also anticipate above average hiring activity, with a net 8% of executives in the industry forecasting personnel increases, he pointed out.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...
Ready to boost fleet efficiency by up to 50%? Learn how AI-powered dispatch and next-gen tech are transforming TMS workflows, improving driver planning, and streamlining operations...
Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...