CFOs Want More than Fancy Office Digs

May 15, 2006 ( - Hiring managers trying to woo a new finance executive will have to put more into the package than just a fancy office and job title, according to a new survey.

The survey by Robert Half International, a staffing firm specializing in accounting, finance and IT positions, found that 31% of chief financial officers (CFOs) polled recently said the quality of life in a new city would most influence their decision to relocate for a job opportunity. Meanwhile, 27% cited compensation as being top on their relocation agenda.

CFOs were asked, “ Which one of the following would most influence your decision to relocate to a different city to pursue a better job opportunity?” Their rest of their responses included:

  • Cost of living in new city – 13%
  • Status of new position – 6%
  • Distance of move – 5%
  • Family considerations 1%
  • Other – 1%
  • Would not move – 12%
  • Don’t know/no answer -4%

“Taking a job in a new town is not just a career decision – it is a lifestyle choice,” said Max Messmer, chairman and CEO of Robert Half International Inc. “Companies that highlight the qualities that distinguish their city, such as a reputation for safety, highly regarded school system or cultural events, increase their chances of attracting top professionals.”

He added, “Employers enhance their ability to secure commitments from prospects by taking steps to ensure a smooth transition for employees, including providing information about housing and assisting with job placement for spouses, if appropriate.”

The survey was conducted by an independent research firm and includes responses from more than 1,400 CFOs from a stratified random sample of US companies with 20 or more employees.