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Not surprisingly, compliance recruitment activity declined significantly during the second half of 2008. Redundancies were up and recruitment freezes became common place. Despite regulatory pressures to maintain high levels of risk management and robust compliance controls, it clearly emerged towards the end of the year that only business critical recruitment was being undertaken.
Demand for compliance staff is likely to remain subdued in the medium term and limited to business critical roles. Fortunately, many positions in compliance are essentially guaranteed as a requirement to conduct business. Unfortunately, there is less certainty that businesses will continue to exist as an industry wide process of retrenchment and rationalisation continues.
For a full analysis of the current Compliance recruitment market, complete with up to date salaries and predictions, click on the graphic to download the full report or choose from the following links to go straight to specific sections of the report:
- Executive summary
- Compliance – market analysis
- Compliance – salaries
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