CFOs REPORT ON THIRD-QUARTER HIRING PLANS

Robert Half Financial Hiring Index: Net 8 Per Cent of Executives Plan on Adding Full-Time Employees

TORONTO, June 14 /CNW/ - Chief financial officers (CFOs) are optimistic about hiring for the coming quarter, according to the Robert Half Financial Hiring Index. Eleven per cent of CFOs indicated they plan to add full-time employees, while only 3 per cent expect staff reductions. The resulting net 8 per cent increase is up one point from the second-quarter forecast. Forty-six per cent of executives interviewed also reported challenges finding skilled financial professionals.

The Robert Half Financial Hiring Index is based on telephone interviews with more than 270 CFOs across Canada who are asked whether their companies plan to increase or decrease the number of full-time accounting or finance personnel on their staff during the coming quarter. The survey is 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.

"Firms are adding accounting and finance personnel to their staff on both a temporary and full-time basis, in order to keep up with pent-up business demand," said Kathryn Bolt, district president of Robert Half Canada. "While full-time hiring projections appear strong, companies are facing competition for skilled candidates. A shortage of experienced professionals has developed, particularly for some of the most in-demand roles, including accounting managers and financial analysts."

Accounting and Finance Hiring -- By Industry

Nationally, CFOs in the business services industry are most optimistic about their hiring plans for the third quarter, with a net 28 per cent of financial executives anticipating personnel increases. Thirty per cent plan to expand their teams and 2 per cent expect to reduce staff levels.

About the Robert Half Financial Hiring Index

First published in 1992, the Robert Half Financial Hiring Index is conducted by an independent research firm and based on more than 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 industry.

Information from the study is featured in The Robert Half Professional Employment Report, launched last year and the first study of its kind to monitor the hiring environment for professional-level positions exclusively. Based on more than 1,000 telephone interviews with executives throughout Canada, it provides insight on employment trends to help businesses and job seekers prepare for the upcoming quarter. To see how hiring within the finance profession has changed since last quarter and how it compares to other sectors, please visit 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.com.

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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