Research from Social Housing magazine show that the amount paid to Chief Executives per unit of social housing stock varies from £11.41 per unit to £61.71. Welsh ‘traditional’ chief executives also receive the highest rate of pay per unit compared to their Scottish, English and Northern Irish counterparts at £26.54 per unit.
“I was surprised to read that the amount of pay a Housing Association Chief Executive receives can vary so greatly” said Mr Black. “It seems unfair that one Chief Executive can receive as much as £61 for every unit they manage, when others receive just over £10. There is also a lack of consistency for salary as a percentage of turnover.
“Some Chief Executives have considerable responsibility, yet there seems to be no correlation between how much responsibility a Chief Executive has and their pay. I have written to the Deputy Minister to urge her to look into how the regulation of Housing Associations ensures that pay at the highest level reflects responsibility and the number of units managed.