CFOs Weigh In On 2012 Investment Priorities

Robert Half Management Resources Survey: Spending Expected In New Service Lines, IT

TORONTO, Sept. 22 /CNW/ - As organisations plan budgets and projects for the year ahead, where will they invest to get the most bang for their buck? According to a new Robert Half Management Resources survey, resources are most likely to be allocated to new products and services (19 per cent), followed by information technology (IT) systems (16 per cent). Forty-one per cent of chief financial officers (CFOs) do not plan on investing in the next 12 months.

The survey was developed by Robert Half Management Resources, the world's premier provider of senior-level accounting and finance professionals on a project and interim basis. It was conducted by an independent research firm and includes responses from 270 CFOs from a stratified random sample of Canadian companies with 20 or more employees.

CFOs were asked, "In which of the following areas is your firm most likely to invest in the next 12 months?" Their responses:

    <<
    Development of new products/service lines............ 19%
    New or upgraded IT systems........................... 16%
    None/will not invest................................. 41%
    Don't know/no answer................................. 15%
    New locations/real estate............................  7%
    Mergers or acquisitions..............................  3%
                                                          ---
                                                         101%*
    >>

*Responses do not total 100% due to rounding.

"Given the cautious environment, companies that are not yet planning to invest may be taking a 'wait and see' approach before committing to specific initiatives," said David King, Canadian district president of Robert Half Management Resources. "For those organisations that are investing, many are focusing their efforts to build competitiveness, drive efficiency and retain clients/customers by funding the development of new products, services, and IT systems."

About Robert Half Management Resources

Robert Half Management Resources is the premier provider of senior-level accounting and finance professionals to supplement companies' project and interim staffing needs. The company has more than 150 locations worldwide and offers online job search services at roberthalfmr.com. Follow Robert Half Management Resources at twitter.com/roberthalfmr for workplace news.

SOURCE Robert Half Management Resources

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


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