Increased financial hiring expected in fourth quarter

    TORONTO, Sept. 10 /CNW/ - Financial executives polled for the Robert Half
International Financial Hiring Index expect hiring in accounting and finance
to accelerate during the fourth quarter of 2007. Nineteen per cent of chief
financial officers (CFOs) surveyed said they plan to add full-time employees
and 5 per cent expect staff reductions. The net 14 per cent increase is up 10
points from the third-quarter projection.
    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.
    "Continued business growth and a focus on compliance initiatives have
heightened the demand for finance and accounting professionals," said David
King, executive vice-president with Robert Half International. "As the
competition for talent increases, companies need to be able to thoroughly
evaluate candidates and extend employment offers quickly, as experienced
professionals are often inundated with numerous offers."
    Forty-four per cent of CFOs who anticipate hiring in the fourth quarter
cited business growth as the primary driver of demand, while 39 per cent said
rising workloads was the leading factor.

    Accounting and Financial Hiring -- By Industry
    Among industries, executives in the business services, finance and
professional services are most optimistic about hiring. Thirty-seven per cent
of CFOs from business services firms plan to bring in staff in the fourth
quarter and 4 per cent expect personnel reduction, a net 33 per cent increase.
In the finance, insurance and real estate industry, a net 32 per cent of
executives anticipate adding financial professionals during the quarter
followed by professional services with a net 27 per cent.

    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 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, Calgary, Edmonton or Vancouver, please contact Jason Chapman at
416-350-2330, extension 62070.

    Also available: Fourth quarter technology hiring index.

    Financial Hiring: By Industry

    Percentage...   Increase    Decrease   No Change   Undecided     Total

    Canada            19           5          70           6          100
    Manufacturing      3           4          92           1          100
    Retail             6           7          72          15          100
    Fin., Ins. &
     R. Estate        38           6          56           0          100
    Prof. Services    29           2          65           4          100
    Construction      20          10          59          11          100
    Wholesale          9           1          83           7          100
    Transportation    24           3          59          14          100
    Bus. Services     37           4          59           0          100

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

    Quarter             Percent Increase  Percent Decrease    Net Increase

    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
    1Q06                       12                 4                 8
    4Q05                       13                 2                11

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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