THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Confidence rises as finance leaders look to hire again

Nearly two thirds (63%) of finance chiefs hope to attract talent by boosting salaries

GENERAL MERCHANDISE

Confidence rises as finance leaders look to hire again

Nearly two thirds (63%) of finance chiefs hope to attract talent by boosting salaries

There are positive signs the UK job market is set to improve this year, according to the latest 'Robert Half CFO Confidence Index'. Nearly half (47%) of chief financial officers (CFOs) and finance directors said they felt more or slightly more confident at the economic prospects facing their companies in the next six months. This is a significant change from this time last year, when 84% of finance leaders were pessimistic about their companies'prospects.

In the bi-annual index by Robert Half, the specialist recruitment firm,nearly one in five (17%) of the UK's CFOs said their companies would be
looking to hire permanent accounting and finance staff over the next six months. This is a dramatic improvement from the 1% of CFOs who had plans to add accounting and finance staff this time last year.

CFOs based in London were the most optimistic, with nearly a third (29%) saying they resume hiring in the next six months. Rising workloads were cited as the primary reason for increasing personnel levels (65%), with business growth (55%) as another driver.

According to the survey, the majority of finance leaders who hope to recruit over the next six months will be filling new graduate roles (17%) and more junior positions (27%), which is good news for those about to set out on their careers.

The index also revealed that two thirds (67%) of CFOs intend to maintain their current accounting and finance staff levels in the next six months.

Commenting on the findings, Phil Sheridan, Managing Director of Robert Half UK said: "Our index shows that finance leaders anticipate an eventual upturn in the UK market and are planning their hiring strategies accordingly. The increase in confidence currently being felt by finance chiefs is promising for job seekers looking for either permanent or temporary positions.

However, our findings also show that half of CFOs are concerned about losing their top performers to other job opportunities. It is, therefore,
even more important that workers feel valued by employers and are given access to training, skills development and career progression within their firms. Salary progression is also being taken seriously, with our findings showing that nearly two thirds (63%) of finance chiefs will be looking to attract talent by boosting salaries."

---------------------------------------------------------------------------------------------

Preparing for the upturn - Major retailers to attend Retail HR Summit 2010

Join your HR peers at the Retail HR Summit 2010.

Delegates are already confirmed from: Aurum Holdings Ltd, Clinton Cards, BP Oil UK, Domino's Pizza, Cath Kidston Limited, BHS, BestBuy Europe/The Carphone Warehouse Group, Blue Inc, Dell, The Co-operative Group,  Cotswold Outdoor Ltd, Mills Group Ltd., DSG International PLC,  DeMontfort Fine Art Ltd, Lakeland, Maplin Electronics, Marks & Spencer, Matalan, Net a Porter, New Look, Pets at Home, Peacocks, Punch Taverns, Republic,  Sally Salon Services Ltd, Signet Trading Limited, The Entertainer, The White Company, Thorntons, WM. Morrison Supermarkets PLC...

For more information and to book your place at this top level event click here

If you are interested in networking opportunities, exhibiting, or presenting contact ians@theretailbulletin.com

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process