What Are the Costs Associated with Hiring Compliance Experts?
The cost of hiring compliance experts can vary widely based on factors such as the scope of work, industry, and geographic location. Typical costs may include:
Hourly rates for consultations and specific tasks. Fixed fees for comprehensive compliance programs or audits. Ongoing retainer fees for continuous support and advisory services.
While the costs can be significant, investing in compliance expertise can save businesses from much larger expenses related to non-compliance penalties and legal issues.