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Diversity: Attracting & Retaining Tax Professionals
Part 1 - How to Attract Minority Tax Professionals by Shannon King Nash, Esq. & Wayne A. S. Hamilton, Esq. Download Part 1 of this important series of articles in Adobe PDF format here It is no longer a secret. Over the past few years, the push for "workplace diversity" has emerged as a business imperative. Business leaders have recognized that inclusion is not merely a moral issue, but is the "necessary thing to do", if they plan to maximize their potential (and successes) in an increasingly complex business environment.
Many organizations have taken concrete steps to ensure a diverse workplace. However, there still appears to be a lack of diversity among tax professionals and in many tax departments. To address this shortcoming, we would like to share with you our ideas on how to tackle this problem head-on. This is the first of a three part series. In Part-1 we offer some practical suggestions on how to attract minority tax professionals. In Part-2 we will discuss how to develop minority tax professionals, and in Part-3 we will offer some steps you can take to retain minority tax professionals.¹ Attracting a Minority Tax Professional Attracting minorities to your organization must start with a commitment from the top of the organization to modify the hiring process. Many organizations have implemented what would be considered "best practices" in recruiting and hiring qualified candidates. We have taken a number of the best practices and fine-tuned them with respect to hiring minority candidates. What follows is a non-exhaustive list of questions that every organization that is trying to really diversify their tax professionals (departments) must address. 1. Evaluate Our Demographics -- What are the current and historical demographics of our workforce and how has it changed over the last 10 years? The commitment to diversity begins with taking a group "snapshot" of the people who work and have worked in your organization over the last 5-10 years. True change can only begin with accepting where you are and where you have been. 2. Evaluate Our Hiring Practices -- What have been our hiring practices with respect to minorities? Before an organization can begin to develop a plan on how to attract minority tax professionals, it must address its past candidly.
Minorities need to see the genuineness of your statements. If you haven't achieved your corporate objective or you are having problem achieving it, don't hide from it. This will build credibility with minority candidates. Click to proceed to page 2. ¹ Diversity differs in substance and form. For the purposes of this article, and for the sake of simplicity, the word "minority" includes gender, race, sexual orientation or any combination thereof.
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