Risk Managers Pack Punch Despite Modestly-Sized Staffs

Firms get plenty of bang for their buck when it comes to their risk management departments, which remain modestly-staffed on average regardless of the size of the firm.

Indeed, the "2004 Risk Management Compensation Survey" by Logic Associates, co-sponsored by National Underwriter, found that the "professional staff" (including the risk manager, but excluding clerical workers) at the smallest firms profiled–those with $200 million or less in sales volume–averaged two people and did not grow dramatically no matter how big the company.

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