Administration August 17, 2011

Finance Executives Cite Recruiting and Retention Concerns

August 17, 2011 (PLANSPONSOR.com) - The accounting and finance employment market in many parts of the world may be in a state of transition, according to the fifth annual Robert Half Global Financial Employment Monitor study. 
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Globally, 67% of respondents said it is either very or somewhat challenging today to find skilled accounting and finance professionals for certain jobs. Those surveyed are also more worried about keeping top performers than they were a year ago. Fifty-six percent of financial leaders said they are at least somewhat concerned about retaining their staff in the coming year, up from 45% in 2010.  

Other findings from the survey show:   

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• Approximately one out of five (19%) respondents said it is very challenging to find skilled accounting and finance professionals today. 

• In the US, 43% of executives cited worries about keeping their best people. This is up from 28% in 2010.  

• Eighty-nine percent of respondents reported being at least somewhat confident in their organization’s growth prospects for the coming year.  

• Globally, 89% of financial leaders said they are either very or somewhat assured of their firms’ ability to grow in the next 12 months. 

The Robert Half Global Financial Employment Monitor was developed by Robert Half International and is based on surveys conducted by independent research firms. The study, focusing on hiring difficulties, retention concerns and business confidence, includes responses from more than 6,000 financial leaders across 19 countries.  

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