CFOs WEIGH IN ON KEY CAMPAIGN ISSUES

Financial Executives Cite Healthcare as Greatest Business Management Concern

 

MENLO PARK, CA -- Mirroring key issues being discussed during this year’s presidential campaign, an overwhelming majority (89 percent) of chief financial officers (CFOs) surveyed said that, from a business perspective, their biggest concern for the next four years is healthcare.  Other frequently cited responses included energy and the environment (74 percent), and budget deficit and spending (71 percent).

The survey was developed by Robert Half Management Resources, the world’s premier provider of senior-level accounting and finance professionals on a project and interim basis.  It was conducted by an independent research firm and includes responses from 1,400 CFOs from a stratified random sample of U.S. companies with more than 20 employees.

CFOs were asked, “Which of the following issues are your biggest concerns in the next four years with respect to managing your business?”  Their responses*:

    Very Concerned   Somewhat Concerned   Not at all Concerned  

Don't know/No answer

Healthcare   65%   24%   10%  

1%

Energy and the environment   27%   47%   25%  

1%

Budget deficit and spending   27%   44%   28%  

1%

Job creation   22%   41%   36%  

1%

Corporate taxes   32%   30%   37%  

1%

Small business incentives   24%   33%   42%  

1%

Foreign policy   14%   30%   55%  

1%

*Multiple responses were allowed.

“While focusing on strategies to stay competitive and expand market share, executives are keeping a watchful eye on several important election issues, particularly healthcare,” said Paul McDonald, executive director of Robert Half Management Resources.   “Escalating costs for employee medical plans are top of mind for company management seeking to enhance recruiting and retention efforts and balance the bottom line.”  McDonald added that the rising cost of oil likely is a primary reason why energy and the environment ranked among CFOs’ top concerns.

Responses by Company Size
CFOs at companies with 50 to 99 employees are the most concerned about healthcare, which received 95 percent of the response from this group.  Small business incentives are top of mind for CFOs at companies with 20 to 49 employees, with 62 percent citing they are very or somewhat concerned.  CFOs at firms with 500 to 999 employees are least worried about corporate taxes, with 49 percent of executives saying they are not at all concerned.

Responses by Region
Nationwide, financial executives in the East North Central1 region are most concerned about healthcare, as cited by 95 percent of respondents in this area of the country.  Eighty percent of CFOs at companies in New England2 are very or somewhat concerned about energy and the environment.  The budget deficit and spending is top of mind for 79 percent of executives polled in the East South Central3 states.

Responses by Industry
Nearly three out of four executives in the manufacturing, wholesale, construction and business services4 industries expressed concern about job growth in their companies for the next four years, compared to 63 percent of the total survey response for this issue.

 

Responses by Company Size, Region and Industry

Responses by Region

Responses by Industry

Responses by Company Size

 

 

Robert Half Management Resources has locations in major cities throughout North America, Europe and Australia, and offers online job search services at www.rhmr.com

 

 

 

1 Illinois, Indiana, Michigan, Ohio and Wisconsin

2 Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont

3 Alabama, Kentucky, Mississippi and Tennessee

4 Includes Advertising, Personnel Services, Data Processing, Repair Services, Motion Pictures and Amusement, and  Recreation Services

 

Media Contacts

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