The tax market remains consistently busy across the whole market, despite the influences of disruptors such as Brexit and Artificial Intelligence. These disruptors appear to be having no direct adverse impact on workload and hiring trends.
Whilst the general sentiment has been quite uncertain in recent months, tax recruitment across the whole market, including Big 4, Top-Tier, Boutiques and General Practice has remained consistently busy, with external influences not having a major [negative] effect on the overall market and hiring needs.
When we have spoken to our clients, whilst some firms are hiring more than others, overall, there has been a consistent requirement for candidates across all disciplines from personal/private client through to corporate, M&A, VAT, international and human capital.
Conversely, the political uncertainty has led to major hesitancy from professionals and lack of willingness to move and seek new opportunities. However, 2020 has shown more interest thus far, and so we expect that as we gain more clarity over Brexit, professionals will be more open to exploring their potential.
Regardless of the fact that the political environment is somewhat uncertain, the tax landscape in the UK increasingly focuses on compliance, transparency and reporting across all disciplines, creating more opportunities for tax professionals.
Despite the slow down in 2019 (mostly driven by a lack of willing professionals), tax teams have maintained a relatively consistent level of hiring, or at least a consistent level of desire to hire. Whether 2020 takes a different turn and sees more movement is yet to be seen, but one thing is for sure, the demand for talent vs demand for opportunities prevails once more!