Competitive Demand for Tax Professionals and Increasing Quit Rate

I read a couple of interesting articles recently that discuss the employment market and the high demand for tax people.  This first article, War for talent: Twin Cities accounting firms face mounting competition for workers discusses the competitive demand in public accounting for tax professionals in the Twin Cities.  In my opinion the same issues they are facing in Minneapolis-St. Paul we are facing in Denver.  Companies would be well served to make sure they are putting their best foot forward in an attempt to attract and retain talent.  Organizations that spend time reminiscing of the days when employees would bend over backwards to get a foot in the door need to realize that things have changed.  You don’t have to like it but you need to accept it.

 CLICK HERE for the full article

This other article, Great news! More people are quitting their jobs discusses a statistic called the quit rate.  The quit rate is the number of people that are voluntarily leaving their job for another position.  To a large degree it is a measure of employee confidence in the employment market.  As you can see, there has been a steady increase in the quit rate since the low of 2009, but it seems to have leveled off in the last few months.  This will be an interesting statistic to watch as we continue into the election cycle and potentially head into a slower period of economic growth.  Regardless of what the quit rate says, most tax professionals have a fairly high level of confidence in the Colorado employment market currently.

CLICK HERE for the full article

As always, please feel free to reach out with questions about tax compensation, the employment market, factors to consider when hiring tax professionals and of course help finding tax talent.

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