The Oxford Index for Regulatory and Compliance increased from last quarter, from 105 to 122, indicating an increase in 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 51 regulatory managers from across North America.
Responses revealed that for Q3 2015:
- 27 percent of respondents expect an increase in their use of regulatory and compliance consultants while 6 percent anticipate a decrease.
- 55 percent anticipate no change in their use of regulatory and compliance consultants, and 13 percent 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 Q3 2015 is for validation consultants, followed by regulatory affairs, then quality assurance.
The Metropolitan Statistical Areas (MSAs) that reflected the highest anticipated demand for compliance consultants in Q3 2015 was the New York tri-state region and Philadelphia, while demand for regulatory consultants in Boston dropped significantly.
For a full report of the latest hiring trends for regulatory consultants, download a copy of the Oxford Index for Regulatory and Compliance today.