Recruiting Challenges Ahead: How Employers Can Find and Keep Skilled Talent

Just because chief financial officers (CFOs) are optimistic about growth prospects for their businesses, it doesn't mean they think it's going to be easy to find experienced talent for open positions, according to the results of a CFO survey we issued today. 

However, savvy employers that offer competitive compensation and benefits, conduct targeted searches, and are constantly on the lookout for hard-to-find talent are likely to fair better than their competitors. To find out just how much you should be paying those skilled professionals to keep them from leaving, check out the 2014 Salary Guide from Robert Half

The research highlights, published in a press release titled Survey: Businesses Optimistic About Growth but Face Recruiting Difficulties, looks at what it takes for companies to succeed in today's hiring environment – especially considering that the best candidates simply don't last in the job market for long. The press release is posted below: 

MENLO PARK, Calif. -- In a recent Robert Half survey, nearly all (91 percent) of executives interviewed said they are optimistic about their companies' near-term growth prospects. However, they are less certain about their ability to recruit experienced talent for open jobs. In fact, more than six in 10 (63 percent) chief financial officers (CFOs) said it is somewhat or very challenging to find skilled candidates for professional-level positions today.
The survey was developed by Robert Half, the world's first and largest specialized staffing firm, and conducted by an independent research firm. It is based on interviews with more than 2,100 CFOs from a random sample of companies in more than 20 of the largest U.S. markets.
CFOs were asked, "How confident are you in your company's prospects for growth in the first quarter?" Their responses:
Very confident: 46%
Somewhat confident: 45%
Not at all confident: 8%
Don't know/no answer: 2%
Total: 101%*
*Responses do not total 100 percent due to rounding.
CFOs were also asked, "In general, how challenging is it for your company to find skilled candidates for professional-level positions today?" Their responses:
Very challenging: 16%
Somewhat challenging: 47%
Not challenging: 29%
Don't know/no answer: 7%
Total: 99%*

*Responses do not total 100 percent due to rounding.

"A company's success often is directly tied to its ability to attract and retain talented employees," said Paul McDonald, Robert Half senior executive director. "The businesses best positioned for success are those with well-established hiring processes, including seeking referrals from internal staff, leveraging external networks for leads, and partnering with a
specialized recruiting firm."
McDonald noted retention has become a greater focus for businesses because skilled workers are harder to replace. "We see more companies benchmarking salaries to ensure pay remains competitive and offering attractive perks, like telecommuting or retirement packages."