IRS Leads in Employment Diversity
CHARLESTON, S.C.--(Business Wire)--
TaxDiversity released its "Minorities in Tax 2010" study, once again showing
that the tax profession continues to lag behind the overall minority US civilian
labor force when it comes to hiring, retaining, and advancing minority tax
professionals.
According to the most recent census data spanning a six year period, minorities
in the tax profession have increased their representation; however not enough is
being done to improve the recruiting, training, mentoring, and elevating of
diverse tax professionals especially in management positions.
"I see a tremendous opportunity for minorities to advance in the tax
profession," said Tony Santiago, founder of TaxDiversity. "If the tax field as a
whole can improve its awareness and commitment to recruiting and retention
strategies, we could see a dramatic shift in minority representation, one that
the profession desperately needs."
Key findings of the "Minorities in Tax 2010" study include:
* The IRS continues to lead in tax with a minority population of 34%, which
includes 20% in Black tax professionals alone
* Public Accounting Firms` management is 2% Black, a 100% increase from the 1%
in 2002, but despite this increase Blacks are still underrepresented
* Overall Whites are exiting the tax profession at a faster rate than many other
professions
* Asians have taken significant advantage of the opportunities in public
accounting, making up 18% of the workforce
* Hispanics in tax generally mirror their civilian work force employment
percentage, at about 6%
"Since our first study in 2002, I had hoped the tax professions would have
achieved a more equal representation. However, I am still hopeful that the tax
and HR hiring authorities will quickly recognize that they have a responsibility
to improve the current ethnic diversity shortfall," said Santiago.
Audio insights from Santiago and the full study "Minorities in Tax 2010" can be
downloaded from www.TaxDiversity.com.
About TaxDiversity
TaxDiversity, part of the TaxTalent Network works to develop awareness, attract
and promote diverse talent within the tax profession. Tax professionals of all
ages and ethnicities can access resources such as discussion forums, diverse job
boards, mentoring programs, articles, industry studies and other helpful career
enhancing tools dedicated solely to diverse professionals. For more information,
visit www.TaxDiversity.com.
TaxDiversity
Gina Cricchio, 843-216-7444
gina@taxtalent.com
Copyright Business Wire 2009
