Branch Secretary : suz.muna.unite@gmail.com
  

RPI inflation hits 3.0%

Pay falling behind

 

 

“The recent jump in the retail prices index (RPI) to 3% means that pay awards are falling slightly behind inflation, according to analysis by XpertHR” reports Personnel Today

 

 

The median pay award across the private sector was 2.5%, but we know that housing association’s have far bigger margins than the private sector as a whole. Last Novembers ‘sector scorecard’ reported margins on social housing lettings – so excluding ‘commercial’ operations – of 30.43%. That is much higher than private builders’ margin for example which typically hover under 20%.

 

 

Ability to pay

 

 

Professional HR departments will be well aware of reports such as this. Unite reps will be reminding them of the implications and campaigning to ensure that housing association staff know about the employer’s ability to pay and the clear evidence of rising prices.

 

 

A number of major housing associations have sought to squeeze workers’ pay and conditions in recent years while the pay of senior executives has steamed ahead.

 

 

 

 

 

Paul Kershaw, Chair Unite housing workers LE1111

 

24 May 2019

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