Competition to hire and retain the best chief compliance officers drove the mean salary for that position up 20% to $152,852 in 2005 from $127,872 last year, said the Health Care Compliance Association, based on survey responses from 625 HCCA members. The mean salary for the lower-level position of compliance officer, defined as leading day-to-day compliance operations rather than overseeing an organization's entire compliance program, rose 6% to $95,174 in 2005 from $90,335 last year. "Each year, more and more organizations are discovering how difficult the (chief compliance officer) job is and how significantly it affects an organization's reputation and bottom line," association President Roy Snell said. "Organizations, facing a heightened need to fill the position, are paying whatever it takes, within reason, to get the right person." Read more survey results. -- by Mark Taylor
Compliance officer salaries climb amid fierce demand
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