current trends in tax recruiting
Recruiting, training, and retaining quality tax professionals has always been a challenge for accounting firms. This is particularly true in the current talent market, with many companies competing for a limited pool of applicants. The best way to keep your company’s tax recruiting efforts successful is to understand the latest trends in the industry.
In 2023, as firms attempt to regain a sense of normalcy following the pandemic, hiring managers are looking to fill a variety of positions. Most larger accounting and tax recruiting firms are in the process of hiring junior, mid-level, and senior tax professionals. However, data scientists and financial analysts may have a harder time finding a job in 2023, with only 24% of large firms planning to hire these employees.
Hiring managers are also focusing on improving operational efficiency in 2023. Previously, growth was the primary focus for most firm leaders; however, as the year progressed and firms became more accustomed to hybrid working arrangements, efficiencies took on a new urgency.
Can you share insights into the current trends in tax recruiting
A growing number of employers are leveraging remote work as an effective tool for recruiting and retaining top candidates. While some candidates prefer a traditional office setting, others appreciate the flexibility of teleworking and can be more selective about the jobs they accept. In addition, allowing remote workers can help companies eliminate overhead and reduce their carbon footprint, especially when they don’t need to rent a physical location.
Another key aspect of attracting and retaining talent is making sure your company offers a culture that is conducive to career-focused employees. In addition to providing a positive workplace environment, it is important to provide opportunities for professional development and to offer competitive salaries and benefits. Recruiting and developing an ideal team can be challenging, but it is crucial to the success of any accounting firm.
Finally, when seeking seasonal tax workers, it is important to remember that many of the best candidates are looking for longer contracts than in the past. While some employees were happy with three-month contracts in the past, many of today’s top seasonal workers want six months or more. This can be a good way for an accounting firm to get the quality of seasonal staff it needs while mitigating employee burnout.
Lastly, it is important to take advantage of the expertise offered by a professional tax recruiting agency when building your team. A reputable recruiter can provide insights into the current trends in the tax industry and can help you find qualified candidates for your open roles. In addition, working with a recruiter can be cost-effective as most recruiters are compensated on a contingency basis, meaning they only receive payment when a candidate is placed in a position. This makes it an excellent option for smaller businesses looking to avoid a hefty upfront fee. To learn more about the top tax recruiting trends, contact us. We would be happy to discuss how we can support your company’s tax recruiting efforts in the current hiring climate.
