The Oxford Index for Regulatory and Compliance decreased from last quarter, from 117 to 102. The trend just above 100 indicates little to no change in demand for regulatory and compliance consultants in Q1 2016.
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 of 66 life sciences managers’ responses from across North America.
Responses revealed that for Q1 2016:
- 17 percent of respondents expect an increase in their use of regulatory and compliance consultants while 15 percent anticipate a decrease.
- 48 percent anticipate no change in their use of regulatory and compliance consultants, while 20 percent were 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 Q1 2016 is for quality engineering consultants, followed by quality assurance consultants. Demand for validation and regulatory affairs consultants is anticipated to be flat.
San Diego and Boston anticipate the strongest demand for consultants in Q1 2016, as shown below. New York, New Jersey, and Pennsylvania showed a significant drop in demand for regulatory & compliance consultants.
For a full report of the latest hiring trends for compliance consultants, download a copy of the Oxford Index for Regulatory and Compliance today.