Only 3 percent of chief financial officers (CFOs) in the Milwaukee area expect to add accounting and finance staff during the second quarter of 2009, while 7 percent anticipate reductions in personnel, according to the most recent Robert Half International Financial Hiring Index.
The majority of respondents, 89 percent, anticipate no change in hiring.
The local results reflect a two-quarter rolling average based on interviews with 200 CFOs from a stratified random sample of companies in the Milwaukee area with 20 or more employees; 1,400 CFOs were queried for the national data.
"Businesses are increasingly reluctant to hire in the current environment, choosing instead to maintain staff levels until they see definitive signs of an improving economy," said Max Messmer, chairman and chief executive officer of Menlo Park, Calif.-based Robert Half International. "Companies that are hiring are more selective because they can be - there is a larger pool of skilled applicants available. As a result, employers are taking extra time to identify and hire the best available person for each open position."
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