CFOs Report on third-quarter financial hiring projections

    TORONTO, June 14 /CNW/ - Financial executives expect to continue hiring
accounting and finance professionals in the third quarter, according to the
Robert Half Financial Hiring Index, although at a more moderate rate than
during the second quarter. Twelve per cent of chief financial officers (CFOs)
surveyed anticipate adding employees and 8 per cent forecast personnel
cutbacks. Seventy-eight per cent of those polled foresee no change in staff
levels. Respondents cited rising workloads as the primary driver of hiring.
    The poll includes responses from more than 270 CFOs from a stratified
random sample of Canadian companies with 20 or more employees. It was
conducted by an independent research firm and developed by Robert Half
International, the world's largest staffing services firm specializing in
accounting, finance and information technology.
    "Companies are hiring more strategically and placing an increased
emphasis on hiring candidates with solid technical backgrounds and exemplary
communication skills," said David King, executive vice-president with Robert
Half International.
    King added, "To attract top talent, companies are increasing
compensation, offering unique benefits packages and enhancing their work
environments to help differentiate themselves from the competition."

    Accounting and Financial Hiring - By Industry
    Among industries, CFOs in transportation are the most optimistic about
hiring in the third quarter. Twenty-eight per cent anticipate increasing staff
levels and 2 per cent foresee personnel reductions, a net 26 per cent
increase. A net 14 per cent of CFOs polled in both the manufacturing and
retail sectors also indicated that they plan to add accounting and finance
professionals to their teams in the coming quarter.

    Robert Half International was founded in 1948 and is traded on the New
York Stock Exchange. Its financial staffing divisions include Accountemps(R),
Robert Half(R) Finance & Accounting and Robert Half(R) Management Resources,
for temporary, full-time and senior-level project professionals, respectively.
The company has more than 350 staffing locations throughout North America,
Europe and the Asia-Pacific region, and offers online job search services on
its divisional websites, all of which can be accessed at

    Also available: Third-quarter technology hiring index.

For further information:

For further information: EDITOR'S NOTE: To schedule an interview for
local commentary in Montreal, Toronto, Calgary, Edmonton or Vancouver, please
contact Jason Chapman at (416) 350-2330, extension 62070.

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