While risk management compensation continues to rise, risk managers are certainly earning their extra pay by working longer hours and expanding their traditional role to deal with new types of exposures, the profession's top placement expert contends.
“The reality remains that even at the biggest companies–maybe especially at the biggest firms–the risk management department is fairly modest in size,” noted Bill Perry, president of Logic Associates in New York.
Indeed, Logic's latest “Risk Management Compensation Survey,” co-sponsored exclusively for the fourth straight year by National Underwriter, found that at the smallest firms queried–those with less than $200 million in sales volume–the risk management department averages only two professional staff members and 1.25 clerical workers.
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