Compensating your tax organization appropriately is very good business! Why is it that we see such inequities in compensation for corporate tax organizations on published surveys? The answer is simple: Most of the data published online regarding the salaries of corporate tax executives and their teams is inaccurate. How do we know? For more than three decades, we have been retained by multinational clients to research corporate tax departments and ask tax professionals for compensation information. This is why we can tell you with confidence the information we see on most publications is inaccurate. Companies waste so much human capital time starting out a search for tax executives with inaccurate compensation information.
Having said that, we can also attest to the fact that corporate tax professionals do not give out the information easily; they will provide the facts to people they can trust. We understand that human resources are often working with data that will result in problems at the offer stage and then they lose their favorite candidate. We have seen companies make this misstep more times than we want to remember over the years. The smart human resources executive will readily admit that this information is hard to get unless you are connected to someone the tax community trusts with salary information. Kathleen Jennings, TaxConnections CEO has built trust within the tax profession over many years. As a result, she has maintained a longstanding record of collecting this valuable information through private calls and conversations.
TaxConnections conducts confidential corporate tax compensation surveys that provide base salaries, incentive compensation, total cash compensation, equity based compensation, pay and benefits practices and job descriptions for the tax profession. This data is valuable for benchmarking and designing competitive and effective compensation programs for your tax organization. The cost of the survey will depend on the number of roles you would like surveyed and can take anywhere from two to six weeks. We spend a lot of time to get it right for clients who want accurate information. Knowing that many corporate tax organizations need qualified tax professionals, it makes good business sense to have accurate compensation information. Our goal in providing tax compensation information is assisting decision-makers in making more informed hiring decisions and to increase retention of tax professionals within their tax organizations.
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