Retention policies drive salary increases for pharmaceutical company secretaries
As a result, company secretaries within the sector are now the second best paid after financial services.
DMJ Recruitment’s Pharmaceuticals Company Secretary salary survey, which is based on qualitative and quantitative research along with market intelligence gathered from DMJ’s day to day operations, also reveals that Company Secretary career paths are largely dependent on company size.
In particular, large established pharmaceutical companies are valuing candidates with a background in a company similar in size and structure, with relevant sectorial expertise tending to be a secondary priority. Whereas smaller and high growth companies often use members of the legal or financial teams to fulfil company secretarial roles and responsibilities as employees in those departments have a complimentary skillset to those demanded of a Company Secretary.
DMJ Recruitment’s Glenn Oborne, commented, “As the war for talent hots up within the life sciences sector, companies are doing all they can to hold on to their most valued employees. For example, at junior level we are increasingly seeing organisations willing to offer study support to entry level candidates, provided they are committed to remain with the company for a certain period of time.
Whereas within the mid-level roles in the market this competition is affecting candidate salaries in a very positive way, with remunerations now back up to pre-2008 levels.”
The survey breaks down salaries by experience level, providing ranges as well as average salary brackets. It also looks at bonuses, pensions and the factors that drive salary at different levels.