Financial executives expect to continue hiring accounting and finance specialists in the third quarter, albeit at a slower pace than in the second.
Six percent of the more than 1,400 CFOs responding to a survey by recruiter Robert Half International said they plan to add to their staffs in the third quarter, while 3 percent said they expect to make cuts. In the second quarter, 7 percent said they had expected to make hires and 2 percent had anticipated staff reductions.
“Companies have become more strategic in their hiring efforts,” said Max Messmer, chairman and CEO of Robert Half, in a news release.
The most often cited reason for adding staff was rising workloads, with 42 percent pointing to it as the main driver. Business growth was the second most cited reason at 32 percent.
“As we keep pace with technology, there are more and more ways to analyze and dissect information, so companies want accountants that are savvy at being able to extrapolate that information from mainframes,” she said.
By industry, construction had the greatest demand for finance and accounting help, as 9 percent of the CFOs in that industry had hiring plans. Manufacturing and retail and wholesale also indicated strong demand.