Concept explainers
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
Compliance officer is an employee whose responsibility is to ensure that company is complying with all the internal policies.
Answer to Problem 1CE
The compliance officer has to evaluate, examine and investigate that company is complying with laws and regulations. Some of the skill sets required is like he should be proactive thinker, good leader, and good communicational skills. The hourly wage rate in this career is $35 and annually it is $71,540. The opportunity outlook for the career is that is projected to grow 3% from 2016 to 2026.
Explanation of Solution
Compliance officer job is to examine, investigates and evaluates that company is complying with all the internal policies mentioned in the guidelines. The skill set which a compliance officer requires is mentioned below:
- He performs well under pressure.
- Good critical thinking skills.
- Having sound moral principles.
- Passion for details.
- Proactive reactive thinker.
- Communicates well with others.
The wage rate of an officer working in this career is:
- Hourly wage rate- $35.
- Annual wage rate- $71,540.
The opportunity outlook for the career is that it has chances to grow 3% from year 2016 to 2026, slower than the average of all occupations.
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Chapter 4 Solutions
Understanding Business
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