The Oxford Index for Regulatory and Compliance decreased slightly from last quarter, 122 to 117, but remains well 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 of 42 regulatory managers’ responses from across North America.
Responses revealed that for Q4 2015:
- 21 percent of respondents expect an increase in their use of regulatory and compliance consultants while 5 percent anticipate a decrease.
- 74 percent anticipate no change in their use of regulatory and compliance consultants.
- 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 Q4 2015 is for validation consultants, followed by quality assurance, then regulatory affairs.
Mid-size companies (with 100-499 employees) anticipate the strongest demand for consultants in Q4 2015, as shown in the graph below.
For a full report of the latest hiring trends for regulatory consultants, download a copy of the Oxford Index for Regulatory and Compliance today.