Case Study: Tesco

 

THE CLIENT

Tesco is a multinational grocery and general retailer headquartered in Welwyn Garden City. It is the second largest retailer in the world measured by revenue and is a constituent of the FTSE100. It has stores in 12 countries across Europe and Asia in locations such as Hungary, Malaysia and Thailand.

THE CHALLENGE

Tesco were looking to expand their internal tax offering by adding an International Tax Accountant to their team. Working under Sian West and Amanda Wade-Jones, this role was integral to finalise BEPS integration and ensure the international tax accounting processes under IFRS were running smoothly.

Due to location and the relative paucity of candidates on the market, both the MSP and PSL failed to supply suitable candidates. Paul at Tesco contacted Pro-Tax due to the previous relationship developed having already placed within their tax team.

OUR SOLUTION

Pro-Tax held a conference call with Paul where we discussed what they were looking for, what had been done so far and where the process had gone wrong to date. This key detail gave us the details of the softer side of the role, the team structure and exactly what the existing management team were looking for.

At Pro-Tax we have an extensive network, and this, along with out in-depth knowledge of our client’s requirements meant that as soon as they briefed us, we knew just the candidate for the role. We were working with an in-house International Tax Accountant who had asked us to keep him abreast of permanent jobs in the local area.  So, rather than simply being a service provider, Pro-Tax acted as an extension of Tesco’s resourcing team.

Pro-Tax shortlisted ten candidates for this position. After meeting with them and discussing the role through a screening process, 3 candidates were put forward to Tesco. 2 candidates had first stage interviews with a clear frontrunner being selected. That candidate was offered the position and happily accepted. 

THE RESULT

Tesco are very happy with their new hire. They think their international tax function is strong enough to deal with upcoming changes in CBCR and Transfer Pricing legislation. The candidate starts in August and is looking forward to joining such a household brand name. 

FOLLOW UP

Pro-Tax have spoken to both candidate and client regularly to manage the onboarding process. Both client and candidate are very happy with the result. 

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