No harm in asking for advice
Touché. What is your title now out of interest?
How much to ask for being a company secretary
- Thread starter Greebo
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Touché. What is your title now out of interest?
Min wage for a secretary, answer a few calls, put things in cabinets
That's not what Donna does!
As I stated, Financial Controller.
Depends on the boss. One of mine, many years ago, was truly spectacular. She was really world class. I'd have taken a pay cut if that had been one of the perks.
No because of confidentiality and responsibilities.
Becoming CS makes you legally responsible for a lot of things relating to the company and makes you the guy to go to jail if things go wrong really badly. You couldn't give that role to a junior position.
True but there is always that risk. At the end of the day, its your name on the line on behalf of what the company does and behaves.
The CS is officially the person in charge of H&S so if somebody dies, it's them who potentially goes to jail.
Yeah, ive been there before twice in my life as a CS. Both times came with no remuneration (primarily because I never asked for any).
Thought this time I might do things differently.
Otherwise they can appoint somebody else
Sounds like exactly the sort of thing you want to pass off to the junior guy who doesn't know any better
Yeah lots of heavy machinery. And despite our best efforts there are normally at least two injuries per annum. Last one was with a 16 tonne dumper truck and the driver decided in the snow to see if it would do donuts. It did until it rolled over
It does, but the extent and nature of the role is poorly defined, and so the extent of your duties, legal responsibility and liability, and therefore the time commitment would seem to very much depend on exactly what your company expect you to cover.
Unless it's changed, there isn't actually a need for your company to even have a company secretary any more, if it's a private company, unless the Articles stipulate it. If not, the responsibilities and liabilities fall on directors.
But if they do have one, then one of the implications, as I'm sure you're fully aware as an FC, is that it's a very trusted role, with access to policy-making and strategy at the top level. It's a core function, and I think, were I you, I'd be more interested in nailing down the extent of the role, the functions expected, and not expected, of the role, and bearing in mind possible mission-creep that may not have been required of the elderly part-time guy from the founding days that may be expected of a younger full-time employee, I think I'd view it as flattering, as a very clear signal of trust, and as a strategic opportunity.
I also think, as you've just had a major promotion, it might be viewed as a bit cheeky going back quite yet with your hand out for more.
My advice would be nail down the expectations involved, ensure you're willing to accept the level of liability incurred, and knuckle down to impress even more, and maybe come the next pay review time, bid for a pay review commensurate with extra duties and responsibilities then, rather than now.
As things stands, what being company secretary is worth is a "how long's a bit of string" question, as the nature of the role is so ill-defined. Personally, as an ex-company secretary (of a small company) I found it a pain. It detracted from my paying work, and I ended up getting a professional, that being my accountants, to do the legalistic bit. I did minutes, etc, and they did regulatory (etc) form-filling.
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ask for some shares in the company in exchange for doing the role
Lol funny you should mention that. The retiring CS once told me his biggest regret was he turned down shares and took a wage for the job role when the company was founded.
That's over 30k a year for stuffing envelopes, in 1987. Sounds a bit far fetched.
Nope agency work for London Underground public relations. £28,860 a year if you had worked a full year of course but back then you had to pay for your own holidays etc so more like £25k per annum.
I was taking home about £350 a week. I was living in a friends flat for 6 months. Its only recently that I have earned enough money to have the same disposable income as i had back then (one you take rates, ins, mortage etc from my income now)
I had the time of my life for 6 months in London and I blew the lot every week on cocktails, shows, theatre, opera. I soaked it all on on the basis that I would never want to live or work in the **** hole of out capital city again!
Spent a fortune on clothes including a made to measure suit.
People are so unfriendly. Hell, if you tried to start a conversation with somebody on the tube they looked at you like you were mad!
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[TW]Fox;28750078 said:
Well believe it or not that's what I got as a temp for 6 months. Although on checking dates it was 1990 not 1987. And my take home was def £350 per week. Perhaps that's wasn't £550 a week back then? Can't remember the exact gross, just the £350 take home.
I returned up north and took a permanent job on 9k per annum. It was another 10 years with promotions before I earn more than I did temping in London.
I often whinged about how little pay was up north versus London. Hell you needed it though as cocktails was £3.50 a glass back then so £10 now by your calcs
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Well it would depend on the job, i do laugh when people say us up north are poor, i do fairly well for myself at the moment, property is far cheaper, better standard of living