Tech Finance Chiefs Express Optimism on Jobs and EconomyBy Channel Insider Staff | Posted 2010-05-14 Email Print
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Financial executives such as CFOs at technology businesses are feeling more upbeat about jobs and the economy. But you'll probably be disappointed if you are looking for a bigger paycheck.Accounting firm Grant Thornton recently surveyed 496 chief financial officers on a number of economic and business topics. Of the nearly 500 financial executives, 53 of them worked for technology companies. Tech CFOs were more positive across the board. The 53 in that group were feeling pretty decent about their budgets and hiring, but don't expect much of a raise or bonus in 2010. Only 11 percent of respondents said they plan to give raises this year, with 32 percent actually decreasing them this year.
In terms of hiring, 37 percent said they expect to increase headcount in the next six months, compared with 29 percent in all other industries. Only 2 percent of tech CFOs said they expect to lay off employees, compared with 9 percent in every other industry. Over 80 percent of tech CFOs are keeping headcounts flat.