London, 1 July 2021 – According to a poll by The Chartered Governance Institute UK & Ireland and governance recruitment specialist The Core Partnership, 82% of company secretaries have seen their workloads increase since the start of the coronavirus pandemic, with 49% stating that their workloads have increased significantly. Despite this, the permanent headcount in secretariat teams has only increased for 24% of company secretarial departments, which suggests a shortfall in the volume of talent required to deliver for organisations.
Jon Moores, Managing Director & Recruitment Partner at The Core Partnership says:
“We are witnessing a shortage of talent in the Company Secretarial and Governance market. There is strong lateral movement with a desire for Company Secretarial professionals to consider changing roles as well as a pull from a large number of newly created positions. This downward pressure on supply is fuelling significant salary rises particularly at the junior to mid-senior levels where there is the most demand.”
Peter Swabey, Policy and Research Director at the Institute adds:
“Governance professionals have seen their workload increase quite dramatically since the start of the pandemic, which is unsurprising given the increase in board and committee meetings that many organisations have introduced to deal with the fallout from the pandemic. Governance professionals perform a crucial advisory role to the board and it would be highly undesirable for this to be jeopardised because they are dealing with unmanageable workloads that put them at risk of burnout.”
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For further information, please contact Maria Brookes, Media Relations Manager:
mbrookes@cgi.org.uk
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Notes to Editors:
- The Chartered Governance Institute UK & Ireland is the professional body for governance and the qualifying and membership body for governance professionals across all sectors. Its purpose under Royal Charter is to lead ‘effective governance and efficient administration of commerce, industry and public affairs’ working with regulators and policy makers to champion high standards of governance and providing qualifications, training and guidance. As a lifelong learning partner, the Institute helps governance professionals to achieve their professional goals, providing recognition, community and the voice of its membership.
One of nine divisions of the global Chartered Governance Institute, which was established 130 years ago, The Chartered Governance Institute UK & Ireland represents members working and studying in the UK and Ireland and in many other countries and regions including the Caribbean, parts of Africa and the Middle East.
Website: www.cgi.org.uk - The Core Partnership is a niche market recruitment consultancy working with Company Secretaries and their teams to advise on and resource their specialist interim and permanent manpower needs. With relevant professional backgrounds spanning back to the 1990s, The Core Partnership has a wealth of knowledge of the development and dimensions of the role of the Company Secretary. The team provides market advice on relevant qualifications and experience, conducts salary and benchmarking exercises and works throughout the UK and overseas recruiting at all levels to this specific discipline.
Website: www.core-partnership.co.uk - This poll is based on answers from 124 respondents across a variety of sectors, principally finance, commerce and industry, as well as charities.
