Branch Secretary : info@housingworkers.org.uk
  

Housing Association bosses get inflation beating pay rises again

Dwarfs anything staff or residents likely to get

 

Housing association CEOs have had inflation busting pay increases AGAIN this year according to Inside Housing’s annual survey.  The average housing association CEO was paid £181,086 in 2019/20, up 2.29% on last year.  That is clearly above inflation of 1.5% but some association bosses did much better.

 

 

GreenSquare boosted the pay of its CEO by 31.3% and Thirteen Group by 27.48% for example.  Other CEOs have to put up with smaller rises which still dwarf anything their staff or residents are likely to get; Geeta Nanda at Metropolitan Thames Valley gets a 9.6% increase (to bring her pay to £265,000), Brendan Sarsfield at Peabody gets 9.4% (pay up to £308,049), Ian McDermott at Catalyst gets 8.00% (pay up to £237,599) for example.

 

Senior executive pay pulling away from staff

 

Over the last year Unite has had a number of disputes with housing associations around low pay and cost cutting restructurings in which housing bosses have told their workers that restraint is dictated by economic conditions.  There is no sign here that economic conditions have halted the trend over many years of senior executive pay pulling further and further away from their staff.

 

The highest basic pay for a CEO went to Anchor Hanover’s Jane Ashcroft who got £436,681. Other top earners include Clarion’s Clare Miller on £392,339, L&Q’s David Montague on £344,704 and Sanctuary’s Craig Moule on £314,035.

 

We will send more detailed analysis to Unite reps in future.

 

Paul Kershaw October 23rd 2020

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