Demand for Career Development Expands for Tax Professionals

Survey Reveals that Career Growth is the Responsibility of Tax Employers and Tax Professionals

News provided by

Aug 30, 2016, 08:40 ET

MT. PLEASANT, S.C., Aug. 30, 2016 /PRNewswire/ -- TaxTalent, the career and leadership development portal for tax professionals, released the latest career satisfaction survey results on how tax professionals perceive their employers' interest in their career goals. The findings are based on a confidential survey that covered career satisfaction questions for US-based corporate in-house tax professionals at the staff through manger level in 2016.

Photo - http://photos.prnewswire.com/prnh/20160829/402069
Logo - http://photos.prnewswire.com/prnh/20160829/402068LOGO

Some key highlights from the 2016 Career Satisfaction Survey include:

51% of respondents believe management does not understand their career goals.
85% of tax professionals surveyed would be motivated to leave their jobs because of perceived lack of career goal understanding or lack of support to achieve their goals.
90% of those who lack confidence in leadership feel they do not receive the appropriate level of mentoring and support.

According to Tony Santiago, President of TaxTalent and TaxSearch the data provides insight on some of the root causes that affect both talent attraction and retention of tax professionals at the staff to manager level. "This years' results are in line with what we are experiencing," says Santiago. "We find it much more difficult to recruit top tax professionals from their current employer if their Tax Department understands their career goals and makes time to help them achieve their goals."

Santiago believes career growth and development should be a joint responsibility of both the tax professional and employer. In addition to the survey data, the report offers free tips and recommendations to tax professionals and employers to enhance the career development process. Download the 2016 Career Satisfaction Survey.

Since retention in a candidate-driven market is essential for success, the TaxSearch and TaxTalent team are conducting a webinar series on the Best Practices for Staff Development Within the Tax Profession. The current tax market, key takeaways and a discussion of how to mitigate turnover risk will all be addressed. Click HERE to register for Part One of the series.

About TaxTalent

TaxTalent is the online career and leadership development portal for tax professionals. Membership provides free access to expert coaches, mentors, resources, content and valuable tools for both career and leadership growth. For more information, visit www.TaxTalent.com.

Media Contact:
Jennifer Fort
843-214-7444

SOURCE TaxTalent