Benefits February 25, 2002

CFO Hiring Sees Uptick

February 25, 2002 (PLANSPONSOR.com) - The corporate finance world will see a slight hiring increase in the second quarter of 2002, a new survey finds.

Reported by

Fred Schneyer

The Robert Half International Financial Hiring Index found that 7% of chief financial officers expect to bring on accounting and finance staff, while 3% say they’re cutting back. The remainder doesn’t plan to make any changes.

The East North Central states will lead the nation in financial hiring activity, according to the survey. Only 8% of CFOs plan to expand their accounting and finance departments and none anticipates reductions.

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Mid-Atlantic CFOs also forecast notable employment gains in the second quarter. One in 10 executives plans to add accounting and finance staff, and 4% foresee personnel cutbacks.

CFOs in the finance, insurance and real estate sector are most optimistic about hiring activity in the second quarter, according to the survey. Almost 30% of executives plan to expand their accounting and finance departments and 8% foresee staff cutbacks.

The national poll includes responses from 1,400 CFOs from a sample of US companies with 20 or more employees.