- Recruitment and Talent Diversification: In response to a global tax talent shortage, tax leaders are broadening recruitment criteria to include candidates without traditional degrees, focusing on essential hard and soft skills, which may present some capability risks.
- AI Integration in Tax Functions: Tax leaders are leveraging Artificial Intelligence (AI), particularly generative AI (GenAI), to automate routine tasks, enhance training for new hires, and generate real-time updates on tax regulations, thereby increasing team effectiveness and efficiency.
- Future-ready Roles and Skill Development: AI is transforming the nature of tax work, allowing junior practitioners to engage in higher-level analytical tasks earlier in their careers, thereby accelerating their skill development and fostering a more strategic approach to decision-making within tax teams.
Source EY
