Information technologies and real estate are targeted by chief financial officers (CFOs) for investment when economy improves, a study has found.

Of CFOs, 64 per cent will make investments, with 21 per cent improving information technology systems and 20 per cent in new locations and/or real estate. However, 27 per cent will not be making any improvements even if the economy is on the upswing, a Robert Half Management Resources survey revealed.

"As companies emerge from the downturn, previously postponed investments will again be considered, including technology infrastructure, new office locations and new product or service offerings," said David King, executive vice president for Robert Half Management Resources’ Canadian operations.

Other areas of investment included: new products or services (16 per cent), planned mergers or acquisitions (six per cent) and other (one per cent).

"When making new investments in areas such as technology, companies will need to secure the right mix of specialized talent necessary to manage complex initiatives," said King. "Creating a staffing plan can help businesses maintain efficiency and effectiveness through periods of growth and transition."

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