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Inside Housing salary survey: male housing association bosses paid £19,000 more than women
Male chief executives working for housing associations earn on average £19,000 more than their female counterparts, new exclusive data can reveal.
Data from Inside Housing’s annual survey of chief executive pay reveals that the average male chief executive was paid £188,058, more than 11% higher than the £169,040 paid on average to women chief executives.
The average chief executive took home £181,086 in pay last year, revealed the analysis which surveyed 162 housing associations across the UK. It was a 2.29% rise on last year, and was higher than the inflation rise of 1.5% over the 2019/20 financial year.
The highest-paid chief executive this year is Jane Ashcroft, leader of Anchor Hanover, who earned £436,681, and out of the top 10 paid executives three are women.
Commenting on Ms Ashcroft’s pay, the chair of Anchor Hanover, Christopher Kemball, said: “In April, the regulator gave the organisation its top rating of ‘G1/ V1’ for governance and viability. Of our 114 care homes, nine were rated ‘Outstanding’ at their latest CQC inspections, with a further 97 rated ‘Good’. This makes Anchor Hanover the most compliant of large national residential care providers in England.”
Click here to see the full results of the 162 association salary survey
But female chief executives are more likely to be running smaller associations, according to the data – on average, 17,000 homes and £104m turnover, compared to 21,000 homes for men, and £133m turnover. Out of the 10 lowest-paid chief executives, three are men and seven are women.
Last year’s survey put the pay gap at 2.2%, while this year it is 10.7% – but the difference is likely to be down to more comprehensive pay information this year providing a more accurate picture, as the survey has been carried out later in the year, and most associations have published their annual accounts.
Out of the 162 associations, 42 gave their chief executive a bonus. The figures ranged from £87,000 awarded to Ms Ashcroft, down to Jim Ripley of Phoenix Community and Steven Dennis of Saxon Weald, who were awarded just £250 each.
Notably, Places for People has not yet calculated a bonus payment for its chief executive David Cowans, attributing this to coronavirus. This bonus could be as high as 50% of the chief executive’s salary – meaning if he was awarded the full amount it would be £196,000. This is noted because it would have a material impact, if awarded, on our figures.
