The picture for the economy may be bleak, but your peers aren’t cutting back. Accounting and finance departments are expected to beef up their hiring practices in the closing months of 2008.
Ten percent of CFOs plan to expand their finance teams in the fourth quarter, according to the survey by the Robert Half International Financial Hiring Index. And 5% revealed they were expecting staff reductions. The increase is up five points from the third quarter projection.
Other key findings:
- 44% of CFOs expect to hire due to company growth
- 41% of CFOs expect to hire because of increased workloads, and
- 28% of CFOs said accounting positions are the hardest to fill.
Where will the most growth occur? CFOs in the East South Central (AL, KY, MS, TN) and New England (CT, ME, MA, NH, RI, VT) regions should see the largest growth — a net 7% boost in hiring for accounting and finance positions.