Economy Picture for Compliance Budgets and Job Security
Compliance and ethics programs are continuing to increase in budget and staffing, and compliance professionals expect that trend to continue. The ratio of compliance professionals who saw their budgets increase to those who saw the budget decrease in 2013 was more than three to one (38% vs. 12%), and the ratio of those projecting an increase in 2014 was more than 4 to 1. Staffing rose in 2013 and is expected to rise again. Job security is on the rise, and management perceptions of the value of compliance appear to be increasing.
At the same time, though, it should be noted that spending is expected to increase only marginally, with healthcare growth lagging.
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