Technology Record - Issue 33: Summer 2024

23 MARKETWATCH Tax rules and rates deemed ‘complex and subject to change’ in Avalara survey According to an Avalara survey, 53 per cent of respondents feel one of the most significant challenges for accounts payable departments, accounting, finance, and tax professionals, is complex and ever-changing tax rates. The survey revealed that businesses are turning to automation to manage these obligations and have a desire for use tax solutions that integrate with the business systems they already use. IN TECHNOLOGY WOMEN “By focusing on representation and inclusion and investing in career and talent development, we create pathways for all employees to expand their horizons, unlock their full potential, and thrive” KATHLEEN HOGAN, CHIEF PEOPLE OFFICER AT MICROSOFT Read more about how technology companies are attracting and retaining increasing numbers of women in our women in technology roundtable on page 80 *Information taken from Microsoft’s Global Diversity & Inclusion Report 2023 3 in 12 people in the technology sector are women, according to the 2023 Women in Tech survey from the WomenTech Network Representation of women in the core Microsoft workforce by region North America South America Europe, Middle-East and Africa Asia Pacific 33.6% 32.4% 32.3% 32.5% 29%* of executive roles at Microsoft are held by women 26% of AI jobs globally are held by women, according to the World Economic Forum 34% of Women in Tech survey respondents think it will take 6-10 years before gender diversity in the industry is equal more than doubled* since 2019 The number of women directors at Microsoft has 87 women are promoted from entry level to manager for every 100 men, according to a 2023 study by McKinsey & Company 87 100 53%