Thursday, June 27, 2024

Dallas/ Fort Worth CFOs report fourth-quarter hiring plans

rhalf_logoDALLAS – Eleven percent of chief financial officers (CFOs) in the Dallas/Fort Worth area expect to add new professional-level positions in the fourth quarter, according to the Dallas/Fort Worth Professional Employment Forecast from Robert Half. Ten percent of respondents will not be hiring, even to fill an open position, and 4 percent plan to reduce staff levels. Another 74 percent said they will hire for roles that open during the next three months.

Most executives are optimistic about their business prospects for the fourth quarter. Nine in 10

(92 percent) CFOs expressed confidence in their companies’ growth potential for the quarter, with 49 percent of respondents saying they are very confident.

The survey suggests, however, that organizations looking to expand and add staff may face difficulties. Nearly two-thirds of the CFOs surveyed, 64 percent, said it is at least somewhat challenging to find skilled candidates for professional-level positions today.

“Businesses are increasingly optimistic about their growth prospects, particularly as we continue to see new companies across various industries relocating and restructuring their operations locally,” said Cecil Gregg, district president for Robert Half in the Dallas/Fort Worth area. “Employers need adequate staff to help them achieve their business goals, and candidates with specialized skill sets, such as experience in financial services and system analytics, are in high demand.”

The Professional Employment Forecastwas 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 Dallas/Fort Worth area with 20 or more employees.

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

Fourth Quarter         Third Quarter

Expanding – adding new positions, 11%  – 11%
 Maintaining – only filling vacated positions , 74% -70%
Freezing – not filling vacated positions or
creating new ones , 10%-13%
Reducing eliminating positions , 5%-4%
Don’t know/no answer, 1%-1%
  100% -100%

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

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