The company secretary’s role is to ensure efficient business management as an expert in business law and capital markets. This is an extremely intellectual occupation where an individual must learn legal and regulatory knowledge of corporations, enhance interpersonal, organizational, and communication skills, and not just that, but time management, the ability to analyze every detail, being attentive, being an effective planner, being a good negotiator, calculating risks, administrative skills, etc. Most importantly, they should always be curious about learning more and trying to see the same things from a new perspective and find new ways to approach them. Additionally, they link the company and its shareholders and advise the board of directors on business matters.
The position of company secretary should not be taken lightly. In different sectors of the department, their roles can vary depending on their skills. No matter what field you are in, whether it be finance management, manufacturing, or information technology. Governance and business law professionals will find it one of the most rewarding and professional jobs in the industry.
The changes in laws in different areas certainly pose challenges. That is why big companies hire more than one company secretary.
Level-based salary
In India, many companies pay salaries to their company secretaries based on their roles and responsibilities. Before moving further, let’s explore this more.
Salary Per Annum
Freshers – Rs 3,00,000
Junior Company Secretary – Rs 5,75,000
Mid-level Company Secretary – Rs 7,75,000
Deputy Company Secretary – Rs 11,50,000
Senior Company Secretary – Rs 14,00,000
The experience of a company secretary is crucial to their salary growth and status as a company secretary. Salary dissections are based on experience ranging from less than 6 months to more than 10 years, and salaries rise as experience increases. To better understand this, let’s look at the table below:
Experience and average salary per annum
Less than a year – Rs 395,000
2-3 years – Rs 5,45,000
5-6 years – Rs 7,50,000
7-8 years – Rs 9,50,000
10-11 years – Rs 12,00,000
12-13 years – Rs 14,50,000
And not just that, their salary packages vary by location and by country. You can check all the details on the official site of ICSI, which is also known as the Institute of Company Secretaries of India.
Skills and job roles of Company Secretary
1. The company secretary program teaches you the diverse skills required for the job of company secretary. One of them is the board’s legal advisor. Company secretaries sometimes play those roles as well. Besides having a great deal of knowledge of the legal aspects of the company, you should also have a lot of observational skills, because without that you will not be able to provide your opinion, and if you are not able to give healthy advice to the board of directors of a company, you won’t be able to do so.
2. The company secretary may also represent the company at national or international contractual meetings. As a result, they can become an integral part of the company.
3. Individuals whose primary role is communication-verbal communication, specifically undoubtedly in need of effective communication skills. In that case, the company secretary is no exception. You must have good soft skills as a company secretary so that you can communicate effectively. The company will be represented by you. The most important aspect of your job role is that you will be able to directly interact with higher authorities as needed for the company’s benefit. You cannot do that without good communication skills.
4. Company secretaries have to handle a lot of documentation for the company because most work is now done via computers. They must be fast, sharp, and alert. Corporate secretaries must stay on top of the ever-changing technological world.
5. The only rule for growth is to keep learning and to keep learning. This also applies to the company secretary. Because they will face many different situations throughout their careers that challenge their skills. They must keep themselves updated to accomplish this.