Increased financial hiring anticipated in second quarter

    TORONTO, March 13 /CNW/ - Chief financial officers (CFOs) expect
increased hiring activity in the second quarter, according to the Robert Half
Financial Hiring Index. Seventeen per cent of executives polled anticipate
bringing in full-time employees and 3 per cent plan reductions in personnel.
The net 14 per cent increase is up 12 points from the first-quarter forecast.
Seventy-nine per cent of CFOs who will be hiring said business growth is the
    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.
    "Business expansion and compliance initiatives continue to drive the
demand for accounting and finance professionals," said David King, executive
vice-president of Robert Half International.
    King added, "The competition for top talent is intense. Candidates with
in demand specialities and industry related experience are highly sought after
and are often inundated with multiple offers."

    Accounting and Financial Hiring - By Industry
    Among industries, executives in the transportation sector are most
optimistic about hiring. Thirty-five per cent of CFOs in this industry
anticipate bringing in full-time accounting and finance employees in the
second quarter and none expect to reduce personnel levels.
    Hiring activity in retail is expected to outpace other industry
projections as well; a net 30 per cent of respondents from this sector plan to
expand their teams. The business services sector is also forecast to see
above-average hiring activity, with a net 25 per cent of executives
anticipating staff additions during the second quarter.

    Robert Half International was founded in 1948 and is traded on the New
York Stock Exchange. Its financial staffing divisions include Robert Half(R)
Finance & Accounting, Accountemps(R) and Robert Half(R) Management Resources,
for full-time, temporary 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

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

    Also available: Second-quarter technology hiring index.

For further information:

For further information: Jason Chapman at (416) 350-2330, extension

Organization Profile

Robert Half Finance & Accounting

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890