Survey: CFOs say they will hire when revenues increase

04/14/2011 | Wall Street Journal, The

About 50% of North American chief financial officers say it would take a 20% boost in their company's revenues before they'd seriously think about hiring new employees, according to a survey by Deloitte. About one in 10 respondents said they would think about adding people after a 10% increase in revenues. However, CFOs estimate that growth will top out at about 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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