MINNEAPOLIS, Minn. -- Fourteen percent of chief financial officers (CFOs) in the Minneapolis/St. Paul area expect to add new professional-level positions in the second quarter, according to the Minneapolis/St. Paul Professional Employment Forecast from Robert Half. Another 71 percent said they will not be adding new positions but will fill roles that open in the next three months. Fourteen percent of respondents will not be hiring, even to fill an open position, and 1 percent plan to reduce staff levels.
The Professional Employment Forecast was developed by Robert Half, the world’s first and largest specialized staffing firm. The survey was conducted by an independent research firm and is based on interviews with more than 100 CFOs from the greater Minneapolis/St. Paul metropolitan area at companies with 20 or more employees who are asked about their hiring plans for professional-level positions in the coming quarter.
CFOs were asked, “What are your company’s hiring plans for full-time professional-level employees in the second quarter?” Their responses:
Expanding – adding new positions 14%
Maintaining – only filling vacated positions 71%
Freezing – not filling vacated positions or
creating new ones 14%
Reducing – eliminating positions 1%
Don’t know/no answer 1%
“We’re seeing hiring at companies of all sizes as budgets are approved and fiscal uncertainty begins to subside,” said James Kwapick, district president with Robert Half. “Identifying talented professionals with the specialized skills needed to support growth initiatives continues to be a challenge for employers. It’s an increasingly candidate-driven market here in the Twin Cities, and firms that take too long in the hiring process risk losing top candidates to other opportunities.”
Founded in 1948, Robert Half International, the world’s first and largest specialized staffing firm, is a recognized leader in professional staffing services. The company’s specialized staffing divisions include Accountemps, Robert Half Finance & Accounting and Robert Half Management Resources, for temporary, full-time and senior-level project professionals, respectively, in the fields of accounting and finance; OfficeTeam, for highly skilled office and administrative support professionals; Robert Half Technology, for information technology professionals; Robert Half Legal, for legal personnel; and The Creative Group, for interactive, design, marketing, advertising and public relations professionals. Robert Half International has staffing and consulting operations in more than 400 locations worldwide. Find more information at roberthalf.com, and follow us on Twitter at twitter.com/roberthalf.