If your firm has hiring plans in the works, you may want to expedite that in order to give yourself a head start on the competition.
Reason: There are a number of new studies that suggest CFO’s optimism is surging. And as a result of that optimism, they plan on adding staff very soon.
How soon? Sixty-two percent of U.S. CFOs plan to start hiring within the next six months, according to the latest CFO Quarterly Outlook Survey from Financial Executives International (FEI) and Baruch College.
Finance chiefs’ optimism looks like it will directly impact their spending plans, as well. The fifth annual American Express/CFO Research Global Business & Spending Monitor found that 45% of CFOs and other execs plan on spending this year, as opposed to simply sitting on their cash.
That’s a significant shift from last year’s Monitor, which found the majority of finance chiefs had plans to hoard their cash in case of emergencies.
In just the U.S., the report found that almost two-thirds of respondents said they are considering using their cash on mergers and acquisitions.
Are these findings consistent with your company’s hiring and spending plans? Let us know.