The Intersect Group Announces Results of CFO Survey
Insights Into Today's Hiring Trends
ATLANTA—August 15 , 2011—The Intersect Group, a national finance, accounting and IT staffing and consulting firm, released the results of a survey conducted among Atlanta-based CFOs. This is the first year a survey has been conducted by The Intersect Group and the results provide insights from C-level executives into today’s hiring trends in finance and accounting.
The survey results indicate that companies are seeing growth. Key findings are:
- 85.2 percent of companies represented have seen increased revenues in comparison to 2009
- 81.5 percent have seen an increase in profits
As the economy gradually improves, CFOs must decide whether or not to increase their investment into their respective Finance and Accounting Functions.
- 49.1 percent of respondents will maintain their current staffing in their Finance and Accounting Function
- 47.4 percent of respondents plan to increase staff in their Finance and Accounting Function
“It is a very positive shift to see that companies are expanding their Finance and Accounting Function,” said The Intersect Group’s managing partner Wade Hughes. “This shows that companies are gaining traction and recovering from our recent economic recession.”
The survey found that most of the positions to be staffed in the Finance and Accounting Function will be staffed by the end of the second quarter of 2011 by permanent hire employees.
- 36.7 percent of survey respondents indicated that positions to be staffed would be staffed by the end of the second quarter of 2011
- 26.7 percent indicated that their positions would be staffed by the end of the third quarter of 2011
- And 72.4 percent of those jobs being staffed will be staffed by permanent hire employees, while only 3.4 percent will be staffed by contract-to-permanent hire employees
“The choice of many companies to fill their staffing needs with permanent hire employees shows companies’ confidence in their future Finance and Accounting growth,” noted Hughes. “In many other areas of business, companies might opt for contract or contract-to-permanent employees to ‘test the water’ before fully diving in.”
For a full report of the results, contact Kayla Payne at kayla@orgprllc.com or 404-989-0785.
###
About The Intersect Group
The Intersect Group, founded in 2006, is a different and better business
partner. The Intersect Group creates unparalleled value for its clients by combining industry-leading consulting
capabilities with comprehensive staffing and recruitment services. Clients trust The Intersect Group to deliver results
based on their deep expertise and proven resources within finance, accounting, and information technology. Through The
Intersect Group’s flexible delivery approach, you get the right solution, at the right time to accelerate your success and
achieve all of your mission-critical objectives.
Since inception, The Intersect Group's revenue has grown 800 percent, posting $3 million in revenue in its first year and a record $27 million in annual revenue at the end of 2010. The Intersect Group is one of the top 500 fastest growing privately held companies in the United States, as determined by Inc. magazine. In addition, Inc. magazine ranked us within the top 100 in the Business Products and Services category. The Intersect Group's 420 employees serve clients nationwide from offices in Atlanta, GA, Chicago, IL, and Dallas, TX.
