According to the 2016 American Staffing Association’s Skills Gap Index, one of the hardest positions to fill is that of a tax preparer. With baby boomers retiring and millennials not stepping into tax preparation roles, it’s increasingly challenging finding workers to fill those positions. Fortunately, there are steps companies can take to find qualified candidates. Here are three ways you can overcome the skills gap in tax employees.
Change Position Duties
Because these workers have specialized skills, let them focus more on completing tasks only they can perform and assigning additional responsibilities to other accountants. When tax preparers have more time to focus on areas they excel in, they’re more likely to want to work for your company, stay engaged in their tasks, produce higher quality output and remain with your organization longer.
Train Candidates
Focus more on attitude and aptitude than on experience when searching for candidates. This is especially important when considering recent graduates with little job experience. They’ll be eager to add to their skill sets, quick to adapt and more likely to work for less pay in exchange for on-the-job training. You may also cross-train or promote employees within your organization who express an interest in becoming tax preparers. Because your staff members already know their co-workers and have inside knowledge of your company, more time would be focused on training than on acclimating to your workplace. Your employees would be more productive in a shorter amount of time and begin benefitting your organization sooner.
Provide Increased Income
Research what the current salary range is in your area, then offer a bit more than average. Consider what skills and experience each candidate has to offer, how many employees you have to pay and what laws affect their income before deciding on final numbers. In addition, think about future bonuses and raises you may have to offer to stay competitive. Furthermore, consider the cost of benefits such as health insurance, retirement plans with company match and PTO. Think about perks such as a flexible schedule, working remotely and participating in an employee wellness program. All of these factors will affect how competitive your compensation package is.
Work With a Top Accounting Recruiter in Chicago
For help with filling your accounting roles, reach out to Casey Accounting & Finance Resources and partner with a top accounting recruiter in Chicago.
