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Vegas CFOs Report on Hiring, Employment Optimism

August 31, 2009 By: Travel Agent Central Contributor

The economic downturn continues to take its toll on Las Vegas, but all news is not negative. In a recent survey conducted by Robert Half International Financial Hiring Index, 9 percent of CFOs in the Vegas area expect to add accounting and finance staff during the fourth quarter. As expected, not all companies see clear skies ahead, as 16 percent anticipate reductions in personnel and 75 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 Las Vegas area with 20 or more employees; 1,400 CFOs were queried for the national data. The studies were conducted by an independent research firm and developed by Robert Half International.

"Organizations appear to be exercising caution before adding full-time staff until there are signs of a sustained recovery," said Max Messmer, chairman and CEO of Robert Half International. "At the same time, companies recognize that carefully chosen accounting and finance professionals are critical to their efforts to manage what remains of the recession and also to take advantage of growth opportunities once conditions improve."

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