Six steps to address the corporate talent crisis
Strategies for minimizing the corporate tax talent gaps and positioning your team for long-term successes
– Blog Home
Is it difficult for your tax team to retain top talent in your department? Is your tax team struggling to retain top talent? Our recent Corporate Tax Report survey revealed significant talent shortages within tax departments over the past year, expanding on the rippling organizational effects. This ongoing issue requires immediate attention as the talent deficit can lead to increased mistakes, reduced efficiency, and an increased risk of noncompliance. This could result in costly penalties and auditors. Furthermore, many businesses find it challenging to maintain a centralized data system for accurate forecasting and to keep up with the latest tax compliance updates.
Create a more resilient tax team
What if your business could create a more adaptable, sustainable, and high-performing tax team? To achieve this goal, tax departments need to take a proactive and strategic approach in addressing current workforce challenges. Tax leaders will spend more time and money to hire and train new employees. Thus, costing tax leaders more time and money to hire and train new employees.
This is why businesses should take steps to reinvent their existing tax team, building a stronger, more efficient workforce.
6 steps to address the tax talent crisis
Discover the six steps detailed in our infographic below to help your business tackle the corporate tax talent crisis. By putting these steps into action, your tax department can set itself up for long-term success and improve its current tax processes.
Develop a tax data management strategy
- Shift workload
- Adjust current tax processes
- Implement advanced technology
- Address talent gaps
- Budget for technology investment
- Click the infographic link below to learn more:
– Back to blog
