CFOs Report on Fourth-Quarter Hiring Expectations

Robert Half Financial Hiring Index: Net 8 Per Cent of CFOs Plan to Add Full-Time Staff

TORONTO, Sept. 13 /CNW/ - Chief financial officers (CFOs) interviewed for the Robert Half Financial Hiring Index forecast an increase in hiring during the fourth quarter of 2011. Thirteen per cent of executives anticipate adding full-time accounting and finance employees, while 5 per cent expect staff reductions. The net 8 per cent of CFOs planning to hire is unchanged from the third-quarter study.

The Robert Half Financial Hiring Index, part of the company's quarterly Professional Employment Report (http://www.roberthalf.ca/per), is based on telephone interviews with 270 CFOs across Canada. It was conducted by an independent research firm and developed by Robert Half International, the world's first and largest staffing services firm specializing in accounting and finance. Robert Half has been tracking financial hiring activity in Canada since 1992.

"Although many organisations remain conservative in their hiring outlooks, others are positioning themselves to accommodate new growth opportunities by adding skilled accounting and finance staff," said Kathryn Bolt, Canadian president of Robert Half International. "Companies also are hiring in response to recent voluntary turnover, as top professionals are more commonly being presented with attractive offers from other employers."

CFOs reported optimism about the overall outlook for their companies. Eighty-nine per cent of executives expressed at least some confidence in their firms' growth potential in the fourth quarter. Forty-five per cent of respondents said they are very confident, while 44 per cent reported being somewhat confident.

View the research highlights: http://rhfa.mediaroom.com/file.php/1080/RHIQ4FHICa.jpg

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On an industry level, executives in the finance, insurance and real estate sector are most likely to hire in the fourth quarter. Twenty-six per cent of CFOs plan to add staff and 2 per cent expect cutbacks.

CFOs in retail also anticipate above average hiring activity. A net 21 per cent of executives in the industry forecast personnel increases.

About the Robert Half Financial Hiring Index

First published in 1992, the Robert Half Financial Hiring Index was conducted by an independent research firm and is based on 270 telephone interviews with CFOs from a random sample of Canadian companies with 20 or more employees. For the study to be statistically representative and ensure that businesses from all segments were represented, the sample was stratified by industry and company size (by number of employees). The results were then weighted to reflect the proper proportions of company size within each region.

The Financial Hiring Index is conducted as part of the Robert Half Professional Employment Report, which tracks hiring trends among professional occupations. More information about the Professional Employment Report is available at www.roberthalf.ca/per.

About Robert Half International

Robert Half International 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 350 staffing locations worldwide and offers online job search services on its divisional websites, all of which can be accessed at www.roberthalf.ca.

SOURCE Robert Half International (Canada)

For further information: Nadia Santoli, (416) 350-2330, nadia.santoli@rhi.com

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Robert Half International (Canada)

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