SURVEY REVEALS UNCERTAINTY IN THIRD-QUARTER FINANCIAL HIRING
Demand Strongest For Accountants In Finance, Insurance And Real Estate Sector
The national poll includes responses from 1,400 CFOs from a stratified random sample of
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Among CFOs who said they are planning to hire additional accounting and finance professionals in the coming quarter, more than half (52 percent) cited business expansion as the primary factor driving growth. “In anticipation of economic recovery, many firms are taking steps to ensure they have the ability to rebound strongly,” Messmer said.
Accounting and Financial Hiring -- By Region
CFOs in the East South Central and Mountain regions of the
3 percent anticipate personnel reductions.
“The East South Central region is benefiting from continued strength in the health care industry, which is driving demand for medical billing and collections specialists,” Messmer said. “Manufacturing also has seen some growth as auto makers move forward with new plant and expansion projects, generating need for financial professionals with cost accounting expertise.
“Growth in the Mountain region is driven by a high volume of transactions in home building, home sales, mortgage refinancing, and property management,” Messmer said. “Businesses in these states are reporting demand for bookkeepers, property accountants, mortgage lenders and loan processors.”
Accounting and Financial Hiring -- By Industry
CFOs in the finance, insurance and real estate sector are most optimistic about financial hiring in the coming quarter. Fifteen percent of financial executives expect to hire personnel while 4 percent anticipate staff reductions, for a net hiring increase of
11 percent. This forecast is up 3 points from the previous quarter’s projections for the industry.
“Low interest rates continue to fuel refinancing and residential real estate activity,“ noted Messmer. “As a result, qualified financial professionals at all levels with real estate, property management or construction industry experience are in high demand.”
CFOs in the manufacturing and transportation sectors anticipate above-average activity in third-quarter financial hiring. Financial executives with transportation companies expect a net 6 percent increase in financial hiring activity, while CFOs in the manufacturing sector are projecting a net 5 percent increase in financial hiring activity.
Robert Half (NYSE: RHI), was founded in 1948 and is traded on the New York Stock Exchange. Its financial staffing divisions include Accountemps®, Robert Half® Finance & Accounting and Robert Half® Management Resources, for temporary, full-time and senior-level project professionals, respectively. The company has more than 320 offices throughout