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Regulatory specialist hiring summary. Here are some key points about hiring regulatory specialists in the United States:
Here's a step-by-step regulatory specialist hiring guide:
A regulatory specialist is responsible for evaluating all the business processes, functions, and requirements and ensure its compliance with the company's protocols and state regulations. Regulatory specialists conduct regular audits, review the company's documents and business transactions, renew permits and licenses, and submit necessary files required by regulatory agencies. They coordinate with the management to revise the company's handbook accordingly and disseminate information on any changes across the organization. A regulatory specialist may also facilitate training programs and orientation to inform the employees on risk policies to avoid reputational issues, potential hazards, and delays in operations.
The regulatory specialist hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.
A regulatory specialist's background is also an important factor in determining whether they'll be a good fit for the position. For example, regulatory specialists 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 regulatory specialist salaries for various positions.
| Type of Regulatory Specialist | Description | Hourly rate |
|---|---|---|
| Regulatory Specialist | $23-48 | |
| Compliance Officer | A compliance officer is responsible for monitoring company operations, ensuring that all the processes and members are adhering to the regulatory and procedural policies set by the company. Compliance officers' duties also include proposing compliance programs, reviewing and updating existing company policies with management approval, taking immediate actions for policy violations, and mitigating risks... Show more | $20-46 |
| Compliance Analyst | A compliance analyst is in charge of ensuring that every operation and aspect in a company or facility adheres to the laws and regulations. They are also responsible for conducting regular inspections and assessments, producing reports and presentations, disseminating necessary information and reminders, researching existing policies and laws related to the industry, and remaining updated with new regulations... Show more | $18-41 |
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | California | $94,388 | $45 |
| 2 | Minnesota | $87,448 | $42 |
| 3 | Massachusetts | $87,272 | $42 |
| 4 | New Jersey | $82,848 | $40 |
| 5 | District of Columbia | $82,822 | $40 |
| 6 | Virginia | $74,992 | $36 |
| 7 | New York | $74,754 | $36 |
| 8 | Illinois | $74,736 | $36 |
| 9 | Texas | $73,065 | $35 |
| 10 | Pennsylvania | $72,653 | $35 |
| 11 | Missouri | $71,748 | $34 |
| 12 | Maryland | $67,905 | $33 |
| 13 | Iowa | $64,112 | $31 |
| 14 | Kansas | $64,059 | $31 |
| 15 | North Carolina | $60,970 | $29 |
| 16 | Ohio | $60,210 | $29 |
| 17 | Wisconsin | $59,144 | $28 |
| 18 | Colorado | $58,886 | $28 |
| 19 | Florida | $53,631 | $26 |
| Rank | Company | Average salary | Hourly rate | Job openings |
|---|---|---|---|---|
| 1 | Cargill | $100,078 | $48.11 | |
| 2 | Office of the Comptroller of the Currency | $99,930 | $48.04 | |
| 3 | ConocoPhillips | $97,778 | $47.01 | |
| 4 | Bayer | $96,583 | $46.43 | |
| 5 | Novo Nordisk | $96,225 | $46.26 | |
| 6 | Varian Medical Systems | $94,433 | $45.40 | |
| 7 | Orange County Sanitation District | $94,031 | $45.21 | |
| 8 | Amazon | $93,931 | $45.16 | 7 |
| 9 | Abbott | $93,133 | $44.78 | 13 |
| 10 | Southwest Gas Holdings, Inc. | $90,158 | $43.35 | |
| 11 | Ecolab | $89,840 | $43.19 | |
| 12 | Upsher-Smith Laboratories | $89,481 | $43.02 | |
| 13 | Mayo Clinic | $89,400 | $42.98 | 6 |
| 14 | Smith & Nephew | $88,132 | $42.37 | 1 |
| 15 | The Clorox Company | $87,920 | $42.27 | 2 |
| 16 | Ferrara Candy | $87,064 | $41.86 | |
| 17 | BNY Mellon | $87,046 | $41.85 | 3 |
| 18 | American Express | $85,985 | $41.34 | |
| 19 | Ingredion | $85,854 | $41.28 | |
| 20 | Abt Associates | $85,600 | $41.15 |
A good regulatory specialist job description should include a few things:
Including a salary range and the first name of the hiring manager is also appreciated by candidates. Here's an example of a regulatory specialist job description:
There are a few common ways to find regulatory specialists for your business:
During your first interview to recruit regulatory specialists, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.
You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.
The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.
Once you've decided on a perfect regulatory specialist candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.
It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.
To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.
There are different types of costs for hiring regulatory specialists. 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 regulatory specialist employee.
Regulatory specialists earn a median yearly salary is $70,575 a year in the US. However, if you're looking to find regulatory specialists for hire on a contract or per-project basis, hourly rates typically range between $23 and $48.