The Oxford Index for Regulatory & Compliance dipped slightly compared to last quarter, from 125 to 105, but remains above 100, indicating steady demand for regulatory and compliance consultants.
Oxford Index values above 100 suggest an increase in demand for consultants, and values below 100 suggest a decrease in demand.
Survey results are based on the results from 38 regulatory managers from across North America.
Responses revealed that for Q2 2015:
- 21% of respondents expect an increase in their use of regulatory and compliance consultants while 16% anticipate a decrease.
- 50% anticipate no change in their use of regulatory and compliance consultants, and 13% are unsure.
- The two-year trend for regulatory and compliance consultant demand remains optimistic, remaining at or above 100 for the last eight quarters.
- By area of specialty, the greatest anticipated demand in Q2 2015 is for validation consultants, followed by regulatory affairs.
The Metropolitan Statistical Areas (MSAs) that reflected the highest anticipated demand for compliance consultants in Q2 2015 was the New York metroplex, while demand in Los Angeles remained flat.
For a full report of the latest hiring trends for regulatory consultants, download a copy of the Oxford Index for Regulatory & Compliance today.