Robert Half Survey Finds Canadian Companies Optimistic About Business Growth
TORONTO, Sept. 7, 2016 /CNW/ - The recently released Canadian Professional Employment Forecast from Robert Half shows 84 per cent of Canadian CFOs expect to hire in the next six months, to either expand their teams or fill vacated positions. None of the CFOs surveyed anticipate eliminating positions.
CFOs were asked, "What are your company's hiring plans for full-time, professional-level employees in the next six months?" Their responses:
| Sept. 2016 – Feb. 2017 |
March 2016 – Aug. 2016* |
|
| Expanding – adding new positions |
17% |
26% |
| Maintaining – only filling vacated positions |
67% |
56% |
| Freezing – not filling vacated positions |
16% |
18% |
| Reducing – eliminating positions |
0% |
1% |
*Responses do not total 100 per cent due to rounding.
View an infographic featuring the survey results.
Recruiting Challenges
Fifty-six per cent of Canadian CFOs surveyed said it's somewhat or very challenging to find skilled candidates for professional-level positions today. Forty per cent of executives also cited maintaining employee morale and productivity as an additional challenge when hiring and managing staff.
"Canadian CFOs are very confident about business growth moving into the next six months as they focus on maintaining and growing their teams," said Greg Scileppi, president of Robert Half, International Staffing Operations. "Demand for talented professionals is high while companies seek to quickly identify and fill employee skills gaps in order to keep pace with evolving industry trends and business demands."
As hiring challenges persist, companies need to move quickly in order to secure skilled candidates, added Scileppi. "Executives should regularly review their overall hiring strategy to ensure employment offers are competitive and flexible enough to adapt to changing compensation trends and employee needs."
Business Confidence
According to the Professional Employment Forecast, Canadian CFOs are optimistic about their company's growth. One-hundred per cent of executives reported being somewhat or very confident in their company's prospects for growth in the next six months.
About the Professional Employment Forecast
The Professional Employment Forecast was developed by Robert Half, and conducted by an independent research firm. The local results reflect a two-period rolling average based on interviews with 270 CFOs from a stratified random sample of companies in Canada with 20 or more employees. Executives were asked about their hiring and business outlook, including plans to add professional-level employees in areas such as accounting, finance, human resources, administrative, legal, marketing and information technology.
About Robert Half
Founded in 1948, Robert Half is the world's first and largest specialized staffing firm. The company, based in Menlo Park, California, has more than 340 staffing locations worldwide and offers job search and management tools at roberthalf.ca. Additional insights on the latest hiring trends also can be found in the company's newly released 2017 Salary Guides.
For career and management advice, follow our blog at www.roberthalf.ca/blog. Follow Robert Half on Twitter at @RobertHalf_CAN for additional workplace advice and hiring trends.
Contact: Naz Araghian
416.865.2140
[email protected]
SOURCE Robert Half Canada
Image with caption: "CFOs feel confident moving into 2017. (CNW Group/Robert Half Canada)". Image available at: http://photos.newswire.ca/images/download/20160907_C1681_PHOTO_EN_766358.jpg
Share this article