2014 Global Tax Market Assessment
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The 2014 Global Tax Market Assessment covers a wide range of predictive insights for the tax profession and a review of the previous year's speculative accuracy. The annual resource is published in partnership with U.S. based TaxSearch, Inc, TaxTalent.com, and British based BPA.
Highlights from the 2014 Forecast Include:
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As the U.S. economy continues down the path of recovery, turnover will be a natural byproduct. Employers must have a solid retention plan in place in order to mitigate this risk of turnover.
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Significant succession planning is needed for retiring Baby Boomers to support knowledge transfer.
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Predictions for European, Middle Eastern and Asia-Pacific Tax Markets.
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Retaining staff will be more difficult for European tax leaders in 2014 due to decreased budgets, no additional headcount for support services, and increased workload on junior staff.
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Riding off the economic growth of 2013, we expect another year of strong demand for Middle Eastern tax professionals in 2014.
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2014 will continue to see Asia-Pac parented companies building “in-house” teams as U.S. and European parented companies recognize the need to reinforce existing tax departments or recruit their first ever Asia-Pac lead.
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The 2014 forecast exposes critical areas in the corporate tax profession, both here in the US and abroad, that have an increasing need for staffing in a time of limited supply. After reading the forecast, we recommend that you proactively educate your executive teams to address the more critical issues identified in this assessment.
Related Documents: 2014 Tax Hiring Outlook, 2015 Women in Tax Report, 2014 Tax Career Goals Survey, 2014 Educational Survey Series, 2015 Diversity in the Tax Profession Report