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Insurers Might Be Hiring Accountants

By Staff Writer

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NU Online News Service, Feb. 19, 2004, 1:07 p.m. EST – Insurers may be hiring more accountants and finance professionals in the second quarter.[@@]

When researchers surveyed 1,400 U.S. chief financial officers for Robert Half International Inc., Menlo Park, Calif., they found that 7% of all the CFOs planned to add staff in the second quarter. Only 1% planned to cut staff.

At financial services, insurance and real estate companies, 10% of the CFOs were planning to hire and 1% were planning to cut.

About half of the CFOs who were planning to hire said business expansion was the primary reason.