Global directory Product logins Support & training Contact us Thomson Reuters Solutions Insights About us Careers TALENT & CULTURE Pandemic Nation Report: A roadmap for accounting firms to expand inclusion of diverse accountants 23 Sep 2021 Share Tax & accounting professionals of color found the pandemic and other challenges had negatively impacting their careers, according to our new report Eighteen months after the start of the pandemic, only one-quarter of accountants found career development and progression challenging compared to their experiences in the pre-pandemic time (before March 2020). However, diving deeper into the data and analyzing it through a race, ethnicity, and gender lens, the picture becomes significantly more nuanced. Tax & accounting professionals of color found the pandemic and additional stressors around racial injustice and caregiving negatively impacting their careers. More than half of accountants of color (54%) reported increased work hours compared to 46% of their white peers; and 41% of accountants of color took on more responsibility without pay compared to 30% of mostly white accountants. Thomson Reuters Institute has published a new report, Pandemic Nation Report: A roadmap for accounting firms to expand inclusion of diverse accountants (available for download below) that examines these developments more fully. Interestingly, according to the paper, many accounting professionals of color did report positive aspects to their well-being. In fact, ethnic minorities reported more positive experiences with work-life balance, times spent on self-care activates, and engagement in their work. Women experienced more negative outcomes with a few bright spots. More than half (56%) of women compared to 45% of men reported that the pandemic had at least a slightly negative impact on their wellness. On a positive note, a higher percentage of female accountants reported receiving a pandemic bonus and promotion to a senior role as compared to men, 36% and 12%, respectively. Tax & accounting employers did a good job demonstrating their concern for employees’ well-being, learning, and career development. However, longer term concerns around diversity, equity & inclusion (DEI) issues continue with the majority of those respondents of color and women citing the “inconsistency between what the organization says and what it does” as their second highest concern. The top concern was recruiting. To address these concerns, the report outlines how tax & accounting employers must take a more targeted approach to increase diversity representation at senior ranks and train managers to adopt a DEI growth mindset to more effectively lead their teams in a hybrid work environment. You can download the full “Pandemic Nation Report: A roadmap for accounting firms to expand inclusion of diverse accountants” below: Name(Required) First Last Job title(Required) Company(Required) Email(Required) CAPTCHA Facebook Twitter Linkedin Email COVID-19 PANDEMICPOST-PANDEMICTALENT & CULTURETALENT DEVELOPMENTTAX Solutions Partner Summit 2021 Partner Summit events announced: Over the past decade, Thomson Reuters Partner Summits have given firm leaders a unique opportunity to learn how to build a progressive, advisory services program. Become part of this exceptional group at one of this year’s events. Featured event DEC 02, 2021 “Those Darkest Hours”: The Future of American Security 2021 marks the twentieth anniversary of the September 11, 2001 terrorist attacks. In the two decades since then-President George W. … Event details Related posts How to attract and retain indirect tax talent through upskilling and career development 19 Nov 2021 · 5 minute read Share Labor shortage drives burnout and new operational strategies for accounting firms 10 Nov 2021 · 5 minute read Share Actions employers can take now to anticipate the emerging workforce generational mix 9 Nov 2021 · 5 minute read Share More insights Emerging Legal Technology Forum 2021: Law firms need to leverage legal tech to stay competitive 11 Nov 2021 · 5 minute read Share Unequal treatment in tax law still a hurdle for LGBTQ couples 15 Apr 2021 · 5 minute read Share New podcast: The legal market in 2020 and beyond 23 Feb 2021 · 5 minute read Share Search ABOUT THOMSON REUTERS About us Annual report Careers Digital accessibility Investor relations Press releases Site map Social impact PRODUCTS & SERVICES All products Core publishing solutions Corporations Government Legal News & media Professional services firms Tax & accounting LEARN MORE API integration Artificial intelligence Innovation @ Thomson Reuters Partnerships Supplier portal The Trust Principles Thomson Reuters Institute CONTACTS Contact us Global sites directory Investors Media relations Office locations Sales & account inquiries CONNECT WITH US Facebook Instagram LinkedIn Twitter YouTube Thomson Reuters Cookie policy Cookies Settings Terms of use Privacy statement Copyright Supply chain transparency For CA: Do not sell my personal information Our Privacy Statement and Cookie Policy All Thomson Reuters websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser. Privacy Statement Cookie Policy Cookies Settings Accept All Cookies