Launched in January, the annual survey was followed up in April to ascertain the impact of the pandemic on the earlier plans. It also founded that while earlier only 4 percent planned to reduce staff, that rose to 27 percent.
The initial survey reported responses from 408 managers, directors, VP, or C-suite members of the tax department of public or private corporations with more than $500 million in annual revenue. There were 321 individuals who completed the April survey.
Sixty-four percent of respondents now do not plan to change hiring levels while only 9 percent say they will increase hiring. Back in January 39 percent planned to increase levels.