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Confidence in the Company Secretarial market on the up

Confidence in the Company Secretarial market on the up

A snapshot poll of company secretaries by specialist legal and company secretarial recruiter DMJ Recruitmenthas revealed that confidence in the jobs market continues to improve.   

The survey found that 38 per cent of respondents believed market conditions improved over the twelve months to March 2013, which marks a five per cent increase since last year when 33 per cent were confident that employment was picking up. Of the CoSecs who noticed an improvement throughout the last year, 80 per cent expect this trend to continue into 2014.

Encouragingly, 92 per cent of CoSecs say they enjoy their role, and 44 per cent are extremely happy with their career.

This is further reinforced by the company’s latest CoSec Salary Survey – an annual report on average salaries across the company secretarial profession – which has found that average salaries for Company Secretaries within FTSE 100 companies have risen by &pound10,000 to &pound175,000 since last year. Salaries of Company Secretaries within private groups are up almost 13 per cent from &pound62,000 to &pound70,000.   

Commenting on the results, David Press, Director of DMJ Recruitment says “The confidence that the Company Secretarial community is experiencing is not displaced, overall hiring levels have in fact improved since our last snapshot poll 12 months ago. Recruitment hotspots include banks and insurance, private equity and IT. Higher levels of activity in these areas is likely to be in response to the on-going transitions in regulation which we have experienced over the past year.”

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