Canadian Treasurer

September 13, 2012

A net 10% of Canadian execs plan to add staff: survey

TORONTO-- Thirteen percent of Canadian executives surveyed for the quarterly Robert Half Professional Employment Report said they will add full-time, professional-level staff in the fourth quarter of 2012, while another 3 percent indicated they will make personnel reductions, resulting in a net 10 percent who plan to hire. This is up 5 points from last quarter's projections. Eight in ten (80 percent) executives said they anticipate making no changes to the size of their teams in the next three months.

The survey results also suggest that business optimism remains high: 34 percent of respondents said they are "very confident" in growth prospects for their companies in the fourth quarter, while an additional 52 percent said they are "somewhat confident."

The Robert Half Professional Employment Report is based on telephone interviews with more than 1,000 Canadian-based C-level executives and other senior managers in a variety of fields who are asked about their hiring plans and general level of optimism for the upcoming quarter. Survey respondents include more than 270 chief financial officers (CFOs); 270 chief information officers (CIOs); 150 senior human resources managers; 75 lawyers at law firms and 75 corporate lawyers; and 50 advertising executives and 250 marketing executives, all of whom have hiring authority.

Additional key Findings

  • Thirty-nine percent of executives said they expect to encounter recruiting challenges in the fourth quarter, down two percentagepoints from the prior quarter's results.

  • A net 31 percent of executives plan to add legal professionals in the upcoming quarter. Strong fourth-quarter hiring also is expected in the sales and business development profession (net 15 percent) and the information technology field (net 12 percent).

  • Respondents in the professional services and finance, insurance and real estate sectors are most likely to make personnel additions; a net 17 percent and a net 16 percent, respectively, said they anticipate hiring in the fourth quarter.

  • By field, the legal profession topped the survey in anticipated hiring, with a net 31 per cent of lawyers saying they plan to add staff. This is down 8 points from last quarter. A net 15 per cent of executives indicated they will hire sales and business development professionals during the fourth quarter.

"Professional-level hiring remains active, as companies are bringing in full-time professionals to help support additional business needs," said Lara Dodo, a regional vice-president of Robert Half International, a specialized staffing firm. "However, many employers continue to face difficulties finding the talent they need. Professionals with highly specialised skills are in short supply - particularly in the information technology, and advertising and marketing fields."







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