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Corporate compliance officer hiring summary. Here are some key points about hiring corporate compliance officers in the United States:
Here's a step-by-step corporate compliance officer hiring guide:
First, determine the employments status of the corporate compliance officer you need to hire. Certain corporate compliance officer roles might require a full-time employee, whereas others can be done by part-time workers or contractors.
A corporate compliance officer's background is also an important factor in determining whether they'll be a good fit for the position. For example, corporate compliance officers from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.
This list presents corporate compliance officer salaries for various positions.
| Type of Corporate Compliance Officer | Description | Hourly rate |
|---|---|---|
| Corporate Compliance Officer | $25-62 | |
| Compliance Investigator | A compliance investigator is primarily responsible for ensuring all aspects of a facility or company complies with its policies and regulations, including government laws and standards. Their responsibilities revolve around conducting regular inspections, gathering and assessing documentation, and conducting interviews and assessments... Show more | $20-38 |
| Compliance Coordinator | A compliance coordinator specializes in ensuring that every aspect of a company adheres to its policies and regulations, including the state laws. Their responsibilities revolve around maintaining an active communication line with different departments to gather and analyze data, identifying vulnerable areas and risks, conducting internal investigations and inspections on compliance violations, assessing workforce performance, and reviewing product and systems documentation... Show more | $16-34 |
Including a salary range in your corporate compliance officer job description helps attract top candidates to the position. A corporate compliance officer salary can be affected by several factors, such as geography, experience, seniority, certifications, and the prestige of the hiring company.
For example, the average salary for a corporate compliance officer in Indiana may be lower than in Delaware, and an entry-level corporate compliance officer usually earns less than a senior-level corporate compliance officer. Additionally, a corporate compliance officer with certifications may command a higher salary, and working for a well-known company or start-up may also impact an employee's pay.
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Connecticut | $108,758 | $52 |
| 2 | California | $98,357 | $47 |
| 3 | New Jersey | $94,399 | $45 |
| 4 | Michigan | $85,642 | $41 |
| 5 | Ohio | $85,003 | $41 |
| 6 | Pennsylvania | $83,080 | $40 |
| 7 | Illinois | $82,196 | $40 |
| 8 | New York | $81,254 | $39 |
| 9 | Texas | $79,335 | $38 |
| 10 | Florida | $64,885 | $31 |
| 11 | Missouri | $64,347 | $31 |
| 12 | Georgia | $57,222 | $28 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | BNY Mellon | $112,898 | $54.28 | 28 |
| 2 | JPMorgan Chase & Co. | $100,088 | $48.12 | 195 |
| 3 | Pinnacle Technical Resources | $93,359 | $44.88 | 2 |
| 4 | Masonite | $90,389 | $43.46 | |
| 5 | Qualcomm | $90,315 | $43.42 | 2 |
| 6 | Garnet Health | $78,923 | $37.94 | 2 |
| 7 | Grandbridge Real Estate Capital | $78,841 | $37.90 | 129 |
| 8 | Laboratory Corporation of America Holdings | $78,536 | $37.76 | 2 |
| 9 | True Care Home Care | $77,997 | $37.50 | |
| 10 | Fair Haven Community Health Care | $74,872 | $36.00 | |
| 11 | Atrium Health Floyd | $73,543 | $35.36 | 31 |
| 12 | New York Congregational Nursing and Rehabilitation Center | $69,251 | $33.29 | |
| 13 | Summit Educational Group | $63,088 | $30.33 | 1 |
| 14 | Regency Health Services Inc | $62,045 | $29.83 | |
| 15 | EQUITAS HEALTH | $56,615 | $27.22 | |
| 16 | AHRC New York City Foundation | $45,803 | $22.02 | |
| 17 | Goodwill Industries International | $37,115 | $17.84 | 2 |
A job description for a corporate compliance officer role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a corporate compliance officer job description:
There are various strategies that you can use to find the right corporate compliance officer for your business:
Recruiting corporate compliance officers requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.
It's also good to ask about candidates' unique skills and talents. You can move on to the technical interview if a candidate is good enough for the next step.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you have selected a candidate for the corporate compliance officer position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.
It's also important to follow up with applicants who do not get the job with an email letting them know that the position is filled.
Once that's done, you can draft an onboarding schedule for the new corporate compliance officer. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.
There are different types of costs for hiring corporate compliance officers. One-time cost per hire for the recruitment process. Ongoing costs include employee salary, training, onboarding, benefits, insurance, and equipment. It is essential to consider all of these costs when evaluating hiring a new corporate compliance officer employee.
Corporate compliance officers earn a median yearly salary is $83,841 a year in the US. However, if you're looking to find corporate compliance officers for hire on a contract or per-project basis, hourly rates typically range between $25 and $62.