The Philadelphia Area Professional Employment Forecast Shows A Buoyant Job Market

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Regional business leaders are optimistic about hiring plans according to a new report.--photo via Visitphilly.com

Robert Half Staffing Vista Today Chester County Business NewsJob prospects for the Philadelphia area show that the market is still very active according to the Philadelphia Professional Employment Forecast from Robert Half with around 13 percent of Philadelphia area chief financial officers saying that they are planning on adding new positions in their companies, while 71 percent plan to hire for current open position over the next six months.

Ever more encouragingly, when CFO’s were asked what their company’s hiring plans for full-time professional-level employees in the coming months, only 11 percent said they may be freezing hiring and a mere 4 percent said they considering eliminating positions. In fact, 86 percent of the CFO’s surveyed are confident in their company’s prospects for growth for the period covered.

Stephanie Naznitsky, regional VP at Robert Half.
Stephanie Naznitsky, regional VP at Robert Half.

PR Newswire reports that over half of the surveyed Philadelphia area CFO’s commented that it can be somewhat or even very challenging to find skilled candidates who can fill the professional-level positions. In order to address these issues, almost a third of the firms surveyed have increased their compensation packages through the salaries and benefits they offer, in order to retain existing employees and attract more applicants for open positions.

Developed by Robert Half, the world’s first and largest specialized staffing firm, and conducted by an independent research firm, the Professional Employment Forecast reflects a two-period rolling average derived from interviews with 200 CFOs of random companies in the Philadelphia area with 20 or more employees.

“System conversions, regulatory compliance, and Sarbanes-Oxley initiatives are driving hiring, particularly in the manufacturing, healthcare and nonprofit sectors,” stated Stephanie Naznitsky, regional vice president for Robert Half in Philadelphia. “Local companies that recognize the tightening labor market conditions are reducing steps in their hiring process and securing highly skilled candidates over companies that prolong the hiring process.”

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