more-arw search

Grant Thornton CFO Survey: Optimism, Hiring Outlook Dip

Grant Thornton CFO Survey: Optimism, Hiring Outlook Dip

A recent national survey of chief financial officers conducted by Grant Thornton LLP noted that more CFOs say their companies are limiting hiring due to concerns over the costs of healthcare and other benefits.

According to the survey, only 22 percent of finance chiefs said their companies were planning to increase their staff during the next six months, a decrease of nearly 50 percent from six months earlier.

"Continuing economic stagnation continues to discourage investment geared to growth and expansion," Stephen Chipman, CEO of Grant Thornton, said in a statement. "Ongoing high levels of uncertainty weigh heavily on business leaders today, stifling growth strategies in this volatile economic environment."

Of the major challenges the CFOs attributed to this decrease in hiring optimism, "employee benefits" including healthcare and pensions was reportedly ranked the highest, according to the survey.

The CFO pessimism is not limited to the U.S., as a recent Deloitte survey indicated optimism among UK finance chiefs fell to its lowest level since 2009 during the third quarter, with financial market uncertainty a major concern.