With the ever-changing professional compliance scenario, things can get so complicated they may affect your mental health and well-being. Compliance is often deemed as quite a stressful field. Experts believe that compliance officers are at a higher risk of depression, anxiety, or burnout. However, according to the Bureau of Labor Statistics, compliance is considered the least stressful job. Compliance can be viewed as a subjective sector, and it depends on how employees handle or respond to the pressure. In his article for Corporate Compliance Insights, Henry Kronk talks about the responsibilities of a compliance officer and how to curb the stress related to compliance.
Who Is a Compliance Officer?
According to the U.S Bureau of Labour Statistics, a compliance officer is defined to be a professional that “examines, evaluates, and investigates eligibility for or conformity with laws and regulations of governing contract compliance of licenses and permits, and perform other compliance and enforcement inspection and analysis activities not classified elsewhere.” A compliance officer should also cooperate with other departments to ensure business owners meet their goals while preventing risks at the same time.
In most enterprises, the roles and responsibilities of a compliance officer are often vague and fluid. This is one of the reasons why the compliance sector is often viewed as stressful and too unpredictable.
How to Resolve Compliance Stress
In 2011, the Society of Corporate Compliance and Ethics (SCCE) and Health Care Compliance Association (HCCA) conducted a poll by its employees regarding stress and mental well-being in the workplace. 60% of the respondents stated that they had considered leaving their jobs. However, it has been a decade-old survey, and things have changed dramatically in the compliance field. In today’s scenario, employees believe that the compliance field has gotten riskier than it was. The government framework has been shaped in such a way that it has begun to legally target compliance officers if the enterprise did not satisfy all expected requirements.
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