Pace of finance staff cutbacks to slow in first quarter
The employment outlook in accounting and finance remains challenging but shows signs of stabilizing, according to the Robert Half International Financial Hiring Index.
Only 3% of CFOs plan accounting and finance personnel reductions in the first quarter of 2010, an improvement from the net 6% forecast the previous quarter. An overwhelming number of executives (84%) don’t expect to make changes to their staffing levels.
In the East North Central region which includes Ohio, Illinois, Indiana, Michigan and Wisconsin, only 3% plan to increase hiring, compared to 6% nationally. Also, in the East North Central region, 8% foresee personnel reductions, which is slightly lower than the 9% nationally looking at reductions.
CFOs also expressed confidence in their companies’ growth prospects. Thirty-seven percent of respondents are “very confident” they will see business growth in the first quarter, while 45% described themselves as “somewhat confident.”
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LAST UPDATED 12/17/2009