RegulationAccounting StandardsNine in ten CFOs plan graduate recruitment freeze, survey

Nine in ten CFOs plan graduate recruitment freeze, survey

Nearly half of UK CFOs expect to cut permanent staff in the next year, according to a survey from recruitment company Robert Half

The uncertain economic outlook, managing cash flow and increasing regulations
are the three top concerns of UK chief financial officers, according to a new
survey.

The survey by recruitment company Robert Half also found that 91% of CFOs are
not planning to recruit new graduates this year, as their confidence in the UK
economy hits rock bottom.

Overall, the outlook for recruitment is mixed, with 48% of 180 CFOs
questioned expecting to cut permanent staff over the next twelve months.

Phil Sheridan, managing director of Robert Half UK, said: ‘For graduates
entering this tough marketplace, flexibility should be key to their approach.
Temporary work can be an option for graduates to gain valuable experience in
working in this kind of market.’

‘For employers, it’s a tough balancing act between cutting back on graduate
recruitment now, and avoiding a talent shortage when the inevitable upturn
comes.’

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