Increased financial hiring anticipated in second-quarter

    TORONTO, March 5 /CNW/ - Eleven per cent of chief financial officers
(CFOs) plan to add accounting and finance staff during the second-quarter of
2008 and four per cent anticipate personnel reductions, according to the
Robert Half International Financial Hiring Index. Seventy-seven per cent of
executives polled expect no change in their staffing levels in the
    Seventy-three per cent of CFOs who anticipate hiring accounting and
finance staff in the second-quarter cited business growth as the reason.
Fourteen per cent of financial executives polled said rising workloads are
driving the need for additional staff.
    The report is based on interviews with 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 first and largest staffing services firm
specializing in accounting and finance.
    "Business expansion is fuelling the need for additional finance and
accounting personnel at all levels," said David King, executive vice-president
with Robert Half International. "To attract top talent, companies are
enhancing their salary and benefits packages and expediting their hiring
procedures to ensure candidates are not lost to competing offers."

    Accounting and Financial Hiring -- By Industry
    Among all industries, executives in the professional and business
services sectors are most optimistic about hiring. A net 17 per cent of CFOs
from both these sectors expect to hire additional staff in the second-quarter.
Financial hiring in the manufacturing sector is also projecting strong growth
in the second-quarter; 15 per cent of CFOs in this industry predict an
increase in hiring.
    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 360 staffing locations in North America, South
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.

    Financial Hiring: By Industry

    Percentage ...       Increase   Decrease   No Change   Undecided   Total

    Canada                     11          4          77           8     100
    Manufacturing              15          0          73          12     100
    Retail                      4         15          65          16     100
    Fin., Ins. &
     R. Estate                 17          3          54          26     100
    Prof. Services             17          0          78           5     100
    Construction                0          0          99           1     100
    Wholesale                   0          1          99           0     100
    Transportation              6          3          78          13     100
    Bus. Services              17          0          80           3     100

    Comparative Data: Two-Year History of the Financial Hiring Index

    Quarter      Percent Increase   Percent Decrease   Net Increase

    2Q08                       11                  4              7
    1Q08                        5                  5              0
    4Q07                       19                  5             14
    3Q07                       12                  8              4
    2Q07                       17                  3             14
    1Q07                        5                  3              2
    4Q06                        4                  1              3
    3Q06                        6                  0              6
    2Q06                        5                  2              3

For further information:

For further information: Jason Chapman, (416) 350-2330 extension 62070,

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Robert Half Finance & Accounting

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