CFOs Project Increase in Accounting & Finance Hirings

New England and the East South Central regions are expected to experience the greatest growth as Chief Financial Officers (CFOs) across the country anticipate a modest increase in full-time accounting and finance staffing levels. Eight percent of 1,400 CFOs responding to a survey from Robert Half International, Inc. plan to add staff in the coming quarter with only 2 percent foreseeing personnel reductions. In the New England and East South Central regions, 14 percent of CFOs are planning to add full-time employees and no reductions are forecast.

“Businesses in the East South Central states report the need for senior managers, as well as staff-level candidates who can meet a variety of need,” said Max Messmer, chairman and CEO of Robert Half International, Inc. “In New England, growth within the manufacturing sector is generating demand for financial professionals. Firms in both regions seek financial analysts for projects such as budget forecasting and strategic planning, as well as staff with strong information technology skills to help with systems upgrades and data management.”

Sixty-one percent of executives cite business growth as the reason for increasing staffing levels. Larger workloads were cited by 17 percent.

Hiring activity is expected to be strongest in the finance, insurance and real estate sectors. Twenty percent of CFOs polled from these sectors project adding full-time accounting employees. None of the CFOs in these sectors expected to decrease staffing.

Manufacturing and wholesale industries are also expected to exceed the national average. Nine percent of CFOs from manufacturing firms nationwide plan to grow their finance teams in the coming quarter. A net six percent of wholesale executives anticipate increased hiring.

“Companies appear to be more confident, pursuing new initiatives as well as ones that were previously postponed,” according to Messmer. He adds “Corporate governance initiatives continue to fuel demand for skilled accounting and internal audit staff as firms address ongoing Sarbanes-Oxley compliance.”

You may like these other stories...

You have a big presentation forthcoming that might enable you to land a huge client for your firm. Are you sufficiently relaxed to be at your best? Let me offer a story and some observations that drive home a crucial point....
Accountants who specialize in forensic and valuation services point to electronic data analysis, or big data, as the most pressing issue they’ll face in the coming months, according to results of a new survey released...
Renaissance avoided more than $6 billion tax, report saysThe Senate Permanent Subcommittee on Investigations said on Monday that a Renaissance Technologies LLC hedge fund’s investors probably avoided more than $6...

Upcoming CPE Webinars

Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.