This webinar delves into the findings of TaxTalent's 2023 Tax Hiring Outlook survey, offering valuable insights into the current tax recruitment landscape. We explore several key areas affecting tax departments and professionals:
Hiring Trends: Despite economic uncertainties, 65% of tax departments plan to hire 1-5 employees in 2023. We discuss the importance of positioning tax functions as value creators to ensure continued support for hiring, even in potential downturns.
Recruitment Strategies: We examine the heavy reliance on internal resources for identifying talent and the potential challenges this may present. The discussion includes tips for optimizing the hiring process and considering alternative staffing solutions.
Market Outlook: The webinar addresses ongoing salary and title inflation, with 82% of respondents expecting this trend to continue. We emphasize the need for tax leaders to educate finance and HR teams about market compensation realities.
Work Structures: Hybrid models emerge as the dominant work arrangement, but we explore the tensions between employee preferences for remote work and employer requirements for in-office presence.
Tax Technology: We highlight a significant gap in dedicated tax technology professionals, with 81% of departments lacking a focused role in this area. The discussion covers the growing importance of tax technology skills and the challenges in building and retaining this expertise.
Throughout the webinar, we stress the critical need for tax leaders to educate their HR and finance counterparts about the unique challenges and market conditions in tax recruitment. We also offer strategies for both employers and job seekers to navigate this competitive landscape, including the increasing importance of soft skills and adaptability in work arrangements.
