Last updated on April 20, 2014 at 8:28 EDT

Denver CFOs Expect Hiring To Increase In Third Quarter

June 10, 2013

Survey Finds Majority of Companies Experiencing Recruiting Challenges

DENVER, June 10, 2013 /PRNewswire/ — Professional-level hiring is expected to increase in the Denver area in the third quarter, according to the Denver Professional Employment Forecast from Robert Half. Ten percent of chief financial officers (CFOs) in the market anticipate adding new positions, up from 7 percent in the second quarter. Another 67 percent said they will hire for roles that open during the quarter.

Executives also are optimistic about their business prospects. More than eight in 10 (85 percent) CFOs expressed confidence in their company’s growth potential for the quarter, with more than one-third (35 percent) of respondents saying they are very confident.

The survey suggests, however, organizations looking to expand and add staff may face difficulties. The majority of CFOs surveyed, 54 percent, said it is at least somewhat challenging to find skilled candidates for professional-level positions today.

“Businesses are increasingly optimistic about the growth prospects of their companies and the local economy, and, as a result, companies are looking to retain their current talent while attracting candidates with the additional skill sets they need,” said Karen Policastro, regional vice president for Robert Half in Denver. “Denver’s healthcare, real estate, construction and energy industries are expanding, and firms in these sectors seek highly skilled professionals for supporting financial services and human resources roles.”

The Professional Employment Forecast was developed by Robert Half, the world’s first and largest specialized staffing firm, and conducted by an independent research firm. The local results reflect a two-quarter rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Denver area with 20 or more employees.

CFOs were asked, “What are your company’s hiring plans for full-time professional-level employees in the third quarter?” Their responses:

                               Third Quarter      Second Quarter
                               -------------      --------------

    Expanding --adding new
     positions                                10%                  7%

    Maintaining --only filling
     vacated positions                        67%                 82%

    Freezing --not filling
     vacated positions or

    creating new ones                         16%                  9%

    Reducing --eliminating
     positions                                 4%                  2%

    Don't know/no answer                       3%                  0%
                                             ---                 ---

                                             100%                100%

Founded in 1948, Robert Half is the world’s first and largest specialized staffing firm. Find more information at www.roberthalf.com.

Note to editors: To speak with a local expert on employment trends in the Denver area, please contact Meghan Lockhart at (206) 749-0960.

SOURCE Robert Half

Source: PR Newswire