In this report, we analyze the impact of COVID-19 on tax hiring practices and provide recommendations for tax department and HR leaders. Key points include:
- We note that the typical spring hiring window (March-June) was disrupted by the pandemic, with many searches paused or deferred.
- We predict a concentrated hiring period in the fall, combining deferred spring hiring with regular fall hiring.
- We anticipate this condensed hiring window will create pressure on tax and HR departments to recruit quickly and efficiently.
- We offer four recommendations for companies to navigate this new landscape: a. Start hiring processes early, even during summer months b. Be prepared to make offers quickly when strong candidates are identified c. Consider using consulting services (like TaxForce) to fill gaps temporarily d. Be open to remote work arrangements to access a broader talent pool
- We emphasize the need for tax department and HR leaders to assess their hiring needs now and be prepared for a competitive hiring market in the fall.
Overall, we highlight the need for flexibility and proactivity in hiring practices to adapt to the challenges posed by the COVID-19 pandemic in the tax recruitment landscape.nsider alternative solutions to manage their tax functions efficiently.
