| Waltham,
MA,Aug. 16, 2005-- Salary.com and the Ethics Officer
Association (EOA) today announced the results from a recent survey
conducted to gauge the compensation earned by individuals holding
"Ethics & Compliance Officer" jobs in corporate America. Titled
"2005 EOA Survey of Ethics & Compliance Officer Jobs," the
results of the survey show the increase in value that ethics and
compliance officer jobs have in today's highly scrutinized business
world, which is still recovering from dozens of high profile corporate
scandals in the past five years. Results show total compensation for
Top Global Ethics and Compliance Executives approaching $750,000.
In total, 109 of the largest
companies in the world
participated in the survey. Two thirds of the survey's participants
have annual revenues of more than $10 billion. Given the increasing
importance being placed on corporate ethics and compliance,
Salary.com's analysis of the survey has shown that top ethics
executives are receiving salaries comparable to that of a Chief
Information Officer and significant amounts of long-term incentives
(non-qualified stock options, incentive stock options, and restricted
stock). "The
value placed on the Ethics and Compliance Officer profession has grown
significantly as a result of numerous accounting scandals in corporate
America that today are still being felt for the irrefutable damage
caused to employees, investors and all businesses," according to
Patrick Gnazzo, Senior Vice President, Business Practices &
Chief Compliance Officer, of Computer Associates. "This comprehensive
survey is another sign of EOA's leadership in better defining our
profession. With the current demand for experienced ethics officers,
corporate Human Resource organizations will benefit greatly from the
data collected in this survey."
The survey data, which shows
total compensation for
Top Global Ethics and Compliance Executives approaching $750K,
indicates the importance of ethics and compliance positions within
organizations worldwide. Given this information, the survey also notes
that nearly 79% of Top Global Ethics and Compliance Executives possess
a Juris Doctor or Masters Degree. The growth in importance and number
of ethics and compliance positions available is further supported by
EOA membership statistics, which show that membership in the
organization has doubled over the past 5 years.
"Today, our compensation team
answers more
questions about ethics and compliance jobs than any other profession,
which validates the significance of the job title within corporate
America today," according to Joseph Kilmartin, Director of Surveys at
Salary.com. "It is likely that the ethics and compliance profession
will become more important in the years to come with stricter corporate
governance in place."
"If the Federal Sentencing
Guidelines issued in
November 1991 created the ethics profession, Sarbanes-Oxley created an
entire industry," said Keith Darcy, the Executive Director of the EOA.
"The new standards of doing business, introduced by legislators,
regulators and prosecutors over the past several years have made the
skills and experiences necessary to manage these risks by ethics and
compliance officers much more important. The survey by Salary.com
comprehensively addresses the compensation migration in the ethics and
compliance community."
Those interested in obtaining the
survey can order
a copy through the EOA website at http://www.eoa.org/.
About
the Ethics Officer Association
The Ethics Officer Association
(EOA) is a
non-consulting, member-driven association exclusively for individuals
who are responsible for their company's ethics, compliance, and
business conduct programs. The only organization of its kind, it is the
largest group of corporate ethics and compliance practitioners in the
world. The EOA is a non-profit, 501(c)(6) association, which derives
all of its revenue from members' dues, conferences and other meeting
fees, and financial contributions. The EOA brings together people who
are new to the field, as well as those with years of experience to
share. Through the EOA, practicing ethics and compliance officers
address the tough issues they face every day. Members learn from one
another and, in turn, help to foster a global commitment to ethics and
integrity.
About Salary.com, Inc.
Salary.com is a
leading provider of
on-demand compensation management solutions helping businesses and
individuals manage pay and performance. Salary.com provides companies
of all sizes comprehensive on-demand software applications that are
tightly integrated with its own proprietary compensation data sets,
thereby automating the essential elements of the compensation
management process and significantly improving the effectiveness of its
client’s compensation spend. For more information, visit www.salary.com.
Contact:
Jared Jost
p: (781)464-7341
press@salary.com
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