The results of the 2006 Ethics & Compliance Officer Association (ECOA) Compensation Survey are in and findings indicate pay for the top ethics position continues to grow. The survey, conducted by Salary.com and the ECOA, found compensation increased more than 12 percent over the previous year, clearly signaling continuing organizational support for the efforts to keep companies “clean” and scandal-free.
“Organizations are increasingly recognizing the importance of their ethics and compliance office, not just in a time of crisis, but as an integral part of day to day business,” said Keith T. Darcy, executive director of the ECOA, expressing no surprise in the findings when announcing them. “As a result, in addition to increasing compensation, organizations are encouraging their ethics and compliance employees to continually develop their skills through training and education programs. Never before have organizations seen the value in the work of the ethics and compliance officer as they do now.”
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