Danos Associates US, Inc. publishes its latest “US Compliance & Financial Crime Salary Benchmark Report – April 2022”. US Compliance hiring boomed in the second half of 2021, and high levels of hiring activity have continued through Q1 of 2022. This extremely active hiring market has seen unprecedented competition for talent in Compliance and many firms have struggled to find or ultimately land the talent they need.
As competition for strong candidates is intense – particularly for candidates at junior and mid-levels – the market has been driving a general inflation of compensation packages being offered to attract talent. However, this is now starting to recalibrate as the 2022 “Comp Season” and subsequent attrition play out, with some firms even considering delaying hiring, rather than paying over market rate for hires during a competitive period.
Many firms are working creatively when compiling offer packages to include attractive components outside of traditional base plus bonus cash compensation. The most competitive firms who are successfully landing great talent are making fair market rate cash offers, plus additional components to their offers, such as firm equity, lifestyle flexibility, promotion pathways, learning opportunities, etc.
With so many job opportunities available to candidates right now, things like firm culture, buy-in with team and hiring managers, and the other softer elements of a job opportunity have increasingly become the main driver for most candidates when accepting a new job offer.
This report includes compensation data as well as trends that are influencing hiring and compensation levels, including detail on:
- Growth sectors
- Impact of working from home and returning to the office
- Remote and flexible working
For more information on the market or to request a copy of our latest salary benchmark report, please reach out to the US team:
Grant Potter | Partner, Head of Americas
Tel: +(1) 212 600 4827 | Email: email@example.com
Jared Weber I Senior Associate
Tel: +(1) 212 600 4834 I Email: firstname.lastname@example.org
Jolene Lally I Associate, Compliance Consultant
Tel: +(1) 212 600 4903 I Email: email@example.com
Jace Olander | Associate Partner | Head of Danos Consulting U.S.
T: +1 212 600 4807 | E: firstname.lastname@example.org