There is an impending labor shortage in tax that will impact how investors view your company.
Looking back at the Global Tax Market Assessment, it was predicted 2020 would host an
extremely active, candidate-driven market. Little did we know that a global pandemic would strike during peak tax hiring season. Budgets tightened and hiring came to a pause as companies and professional service firms tried to assess the unknowns of COVID.
I recommend making this a priority. Even if your company is not feeling the pain from this now, they will. A plan should be devised as soon as possible to include a proactive approach to developing entry-level staff in-house.
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