GRC Salary Prognosis

Robert Half International released its 2009 Salary Guide (available here ). I followed up with a few quick GRC-related questions to Paul McDonald, executive director of Robert Half Management Resources. Here's what he had to say:

What did the survey results reveal about the demand for GRC positions?
Paul McDonald: Demand remains steady, and companies often are willing to enhance their compensation packages to attract the best professionals.

What does your field experience tell you about the demand for GRC positions?
McDonald: Firms will always need professionals who can help them manage risk and comply with regulations. Demand for this expertise has risen since the implementation of Sarbanes-Oxley, and I don’t see it subsiding soon. In fact, the need for professionals who can succeed in risk and compliance positions could grow in the coming years if the current economic situation leads to increased and tighter regulation.

What about the nature of GRC positions – are they changing in any ways?
McDonald: The profile of these positions has been elevated in recent years due to the economy, Sarbanes-Oxley, and the events that led to the enactment of Sarbanes-Oxley. Compensation for these positions also is on the rise as companies find they must step up to attract highly skilled talent in these areas.

So far, most experts I talk to are saying positive things about the demand for finance and accounting expertise and for GRC expertise during a down economy? Do you agree?
McDonald: Demand for accounting and finance expertise, including governance, risk, and compliance, remains. These are core functions vital to a company’s success. In any economy, firms will need to look for talented professionals who can fill these roles and ensure the organization’s risk and compliance needs are met.