Business Confidence by New York CFOs Results in Positive Hiring Plans over the Next Six Months

In a recent Robert Half Survey where New York CFOs were asked about their hiring plans for the next six months, 85 percent revealed their plans to expand their teams or fill vacancies for professional-level roles at their organizations. In addition to general business needs, CFOs may be more willing to expand teams due to their positive company outlook, with ninety-four percent expressing confidence in their company's growth potential for the next six months.

Nearly three-quarters of CFOs in the New York City area – 73 percent – say it’s at least somewhat challenging to find skilled candidates for professional-level positions today. This makes for an opportunistic time for New York professionals in a variety of industries - accounting, human resources, administrative, legal, marketing and information technology – who may be looking for a new job, making a career change or exploring opportunities within their current company.

The below infographic shows the full findings from our survey of New York CFOs:

Survey of New York CFOsThough the results of the survey bode well for New Yorkers, you’ll still need the right tactics to make the best career move and stay ahead of the pack. These tips will help guide you through the process when setting yourself up for success:

  • Educate yourself. New York’s salary ranges come in far higher than the nation’s average – 39 percent higher, to be exact! – so it’s vital, for yourself and for any negotiations you may have to make, to understand what people in your role and within your industry are being paid. Use resources such as Robert Half’s salary guides and information from the Bureau of Labor Statistics to ensure that you’re prepared to have conversations around compensation with a current or potential employer. This will demonstrate that not only do you know your worth in the marketplace, but that you value your career.
  • Put your best foot forward. Our survey found that ninety-four percent of CFOs expressed confidence in their company's growth potential for the next six months, which is a hopeful sign for managers looking to expand their teams and job seekers alike. But don’t let the numbers fool you - you must be prepared with an updated resume, sharpened soft skills and a solid search plan in order to set yourself apart.
  • Show your value. Thirty-nine percent of CFOs are more willing to negotiate salaries than they were 12 months ago (while only 15 percent are less willing) – but the facts must be in your favor. Be prepared to show how the company’s investment in you will pay off. Provide quantitative examples of your contributions to previous employers or in your current role and how you might be able to provide a similar result or ROI. Do your research on effective salary negotiations and walk in prepared.

What are some failsafe best practices you swear by when you’re looking for a new job or to make a change within your current company? Share them with us below!