Dallas-Fort Worth CFOs say the economy is still keeping them from hiring new employees

by PegNews wire

Eight percent of chief financial officers (CFOs) in the Dallas-Fort Worth area expect to add accounting and finance staff during the fourth quarter, and 9% anticipate reductions in personnel, according to the most recent Robert Half International Financial Hiring Index. The majority of respondents, 80%, anticipate no change in hiring.

The local results reflect a two-quarter rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Dallas-Fort Worth area with 20 or more employees; 1,400 CFOs were queried for the national data. (To view the national results, go here.) The studies were conducted by an independent research firm and developed by Robert Half International, who has been tracking financial hiring activity in the United States since 1992.

"Organizations appear to be exercising caution before adding full-time staff until there are signs of a sustained recovery," said Max Messmer, chairman and CEO of Robert Half International. "At the same time, companies recognize that carefully chosen accounting and finance professionals are critical to their efforts to manage what remains of the recession and also to take advantage of growth opportunities once conditions improve."

Source: Robert Half International