GRCI Salary Survey 2023

Introduction

Welcome to our 2023 GRC Institute Salary Survey.

This survey is an important tool for our members to gauge their salary, responsibilities and the state of the market each year. It also assists the GRC Institute's understanding of how our members are valued and rewarded in their organisations and we use this information to analyse and use in our forward planning for the training, advocacy and resources we feel our members need to develop their careers and expand their earning potential.

There are a number of questions which help us observe trends related to salary, staffing and training.

We appreciate the time it takes you to undertake this survey and we hope that we are able to provide reciprocal benefits to you via the results.

Please don't hesitate to contact us should you have suggestions for additions or improvements to this survey.

Kind regards,

Naomi
Naomi Burley
CEO
The GRC Institute

Question Title

* 1. Where are you located?

Australian Capital Territory

Auckland

Hong Kong

New South Wales

Northern Territory

Queensland

South Australia

Singapore

Tasmania

Victoria

Western Australia

Wellington

Other (please specify)

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* 2. Please indicate your gender:

Female

Male

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* 3. Are you a member of the GRC Institute?

Yes

Question Title

* 4. Which of the following age groups do you belong to:

Under 20 years

20-24 years

25-29 years

30-34 years

35-39 years

40-44 years

45-49 years

50-54 years

55-59 years

60-64 years

65 years or more

Question Title

* 5. How many years experience do you have in total, in a compliance, risk or governance role? (This experience does not have to be consecutive.)


Compliance	Compliance menu
Risk	Risk menu
Governance	Governance menu

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* 6. Which job title would BEST would you describe your position?

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* 7. In Australian Dollars, what is your salary range (package value excluding potential bonuses, but including superannuation, allowances, etc)?

Less than $50,000

$50,000 - $74,999

$75,000 - $99,999

$100,000 - $124,999

$125,000 - $149,999

$150,000 - $174,999

$175,000 - $199,999

$200,000 - $249,999

$250,000 - $349,999

$350,000 - $449,999

$450,000 or more

Question Title

* 8. If you are entitled to a bonus, what is the maximum you could receive (expressed as a percentage of your base salary)?

Nil

Less than 5%

5% to less than 10%

11% to less than 20%

21% to less than 30%

31% to less than 40%

41% to less than 50%

More than 50%

Don't know

Question Title

* 9. For LAST YEAR, what bonus did you receive (expressed as a percentage of your base)?

Nil

Less than 5%

5% - 10%

11% - 20%

21% - 30%

31% - 40%

41% - 50%

More than 50%

Question Title

* 10. Which of the following formal tertiary qualifications do you have? Select as many as you need to.

Doctorate

Graduate Diploma

Masters Degree

MBA

TAFE Certificate

TAFE Diploma

Undergraduate Degree

I don't have any formal qualifications

Other (please specify)

Question Title

* 11. In what areas are your formal qualifications? Please select as many as are applicable.

Accounting

Business Management

Economics

Education

Human Resources

Law

Marketing

Psychology

Risk Management

Other (please specify)

Question Title

* 12. Which of the following GRC Institute accreditation courses have you completed? Please select as many as apply.

Compliance and/or Risk 101

Any of the various risk courses offered by the GRC Institute

Certificate IV/Associate

Graduate Certificate/CCP

CCP (Fellow) and/or CRP (Fellow)

None of the above

Question Title

* 13. Do you have any other accreditations or certifications from professional bodies like the GRC Institute?

Yes

Question Title

* 14. What sector or industry does your organisation primarily compete in?

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* 15. Do you have an allocated budget and/or resources for the GRC function you are responsible for?

Yes

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* 16. Thinking about the 2022 - 2023 financial year, what was the annual revenue of your organisation in $AUD (or operating budget of your government department)?

Less than $100K

$100K to less than $1M

$1M to less than $5M

$5M to less than $10M

$10M to less than $20M

$20M to less than $50M

$50M to less than $100M

$100M to less than $250M

$250M to less than $500M

$500M to less than $1B

$1B or more

I'm not comfortable providing that information

Don't know

Question Title

* 17. Approximately how many full-time employees work in your organisation?

Less than 20

20 to 99

100 to 499

500 to 999

1,000 to 4,999

5,000 to 9,999

10,000 or more

Don't know

Question Title

* 18. If yes, can you indicate what this might be?

Less than $50K

$50K to less than $100K

$100K to less than $500K

$500K to less than $1M

$1M to less than $5M

$5M to less than $10M

$10M to less than $20M

$20M to less than $50M

$50M to less than $100M

$100M to less than $250M

$250M to less than $500M

$500M or more

I'm not comfortable providing that information

Don't know

Question Title

* 19. What does this budget cover? Please tick all that apply.

Staff - wages (GRC Function)

Staff training or education (GRC Function)

Training programs for non GRC staff to achieve GRC outcomes

Other aspects of the GRC Management system

Publications or other regulatory/GRC alerts

Conferences

IT for GRC Outcomes

Other (please specify)

Question Title

* 20. What aspects of your organisation's GRC activities take up most of your resources on a regular basis? Please select the top three:

Implementing new projects in response to legislative or regulatory change

Monitoring compliance

Monitoring risk

Reporting (to any and all levels above you)

Reporting (to any and all regulators as required)

Continuous improvement of your program

Training and supporting staff throughout the organisation to be compliant or adhere to risk management policies

Monitoring and keeping up to date with your knowledge of regulatory and legislative change

Administration of the compliance program - collecting and managing data, paperwork and other requirements for compliance

Administration of the risk management program - collecting and managing data, paperwork and other requirements for the risk management of the organisation

Other (please specify)

Question Title

* 21. Please indicate how many jurisdictions you are responsible for any aspects of their GRC outcomes:

One

Two

Three

Four

Five or more