Survey: CFOs say they will hire when revenues increase

04/14/2011 | Wall Street Journal, The

About 50% of North American chief financial officers polled said it would take a 20% increase in their companies' revenues before they'd seriously think about hiring new employees, according to Deloitte. About one in 10 respondents in the survey said they would think about adding people after a 10% increase in revenues. However, CFOs estimate that growth will top out around 8% this year. There's a disconnect between many CFOs' growth forecasts and their hiring outlook, says Sanford Cockrell III, national managing partner of Deloitte's CFO Program.

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