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Providence CFOs Report on Fourth-Quarter Hiring Outlook

PROVIDENCE, R.I., Sept. 3 /PRNewswire/ -- Six percent of chief financial officers (CFOs) in theProvidence area expect to add accounting and finance staff during the fourth quarter of 2008 and 7 percent anticipate reductions in personnel, according to the most recent Robert Half International Financial Hiring Index. The majority of respondents, 85 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 Providence area with 20 or more employees; 1,400 CFOs were queried for the national data. (To view the national results, visit http://www.roberthalf.com/PressRoom.) The studies were conducted by an independent research firm and developed by Robert Half International, the world's largest staffing services firm specializing in accounting and finance. Robert Half has been tracking financial hiring activity inthe United States since 1992.

"While the forecast forProvidence is more conservative, businesses need a strong financial function to see them through all economic cycles," said Max Messmer, chairman and CEO of Robert Half International. "When hiring, firms seek accounting and finance professionals who can help them reduce costs, ensure accurate reporting and guide business strategy."

Robert Half International was founded in 1948 and is traded on the New York Stock Exchange. Its financial staffing divisions include Accountemps(R), Robert Half(R) Finance & Accounting and Robert Half(R) Management Resources, for temporary, full-time and senior-level project professionals, respectively. The company has more than 360 staffing locations worldwide and offers online job search services on its divisional websites, all of which can be accessed at http://www.rhi.com.

SOURCE Robert Half International

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