Why Revenue is crying out for accountants

Fears that a big skills exodus is coming...

The Office of Revenue Commissioners has revealed that it has a fight on its hands to secure accounting talent coming down the pipeline.

New Revenue figures have revealed that nearly half of its current staff are set to retire over the next decade.

Some 6,345 people are employed by the tax authority, with an average of 300 staff set to retire annually over the next five years.

Recruiting people with accountancy degrees is proving to be a particular challenge due to the higher wages offered in the private sector, while the stringent compliance and oversight regulations of the Civil Service agency have served to put younger workers off.

With retirement mandatory at 65, half of the organisation's staff are aged 50 or more and one-third are older than 54.

Meanwhile, the main union representing Revenue workers is concerned about the retirement bubble.

Sean Carabini, assistant general secretary of the Public Service Executive Union, told The Irish Times:

"This is something we have concerns about. I'm absolutely certain it's something management has conern about as well.

"We're still going to have a European border on this island. We're going to have two different economies on this island. So in regards to the custom thing, we need to make sure we have the right people in place to make sure there's a system there to deal with it."

If you're contemplating a career with Revenue, there's separate news of employees recently being handsomely rewarded under its performance award schemes.

In 2016, the tax authority paid out €96,809 in three schemes to 1,705 staff.

Some €84,786 was paid out under the Instant Performance Award (IPA) scheme.

Another €9,300 came in the form of World Customs Organisation (WCO) awards.

Finally, under the Staff Suggestion Scheme, some €2,723 was awarded for suggestions to reduce the use of paper and deliver other efficiencies.