Smith & Williamson's annual Housing Association Executive Reward survey 2010/11 offers some interesting findings.

Designed and produced by HR specialists, our Hosuing Association Executive Reward survey report aims to provide an analytical approach to reward data, giving an accurate context for registered providers to use as they deliberate on executive reward decisions for 2011.

We understand the difficulties of balancing budget pressure with inflationary trends and the need to provide a competitive reward package that will support retention and staff engagement. In our work with housing associations across the country, we continue to see innovative and creative approaches to getting this balance right and to using effective reward planning to reinforce culture and values in difficult times.

41 associations have participated in this year's survey, up from 37 last year, ranging in size from large national groups to highly localised small associations.

The survey report includes an analysis of executive pay by job level, gender, and organisation size (turnover, employees and units under management) as well as an analysis of trends in bonus schemes and executive benefits. We believe that this report stands apart from other surveys in the sector in that it provides very detailed analysis of the different executive levels, providing accurate and current data that is needed to make important decisions about reward for senior people.

Key findings

  • Executive pay has increased by an average of 1.7% over the past year.
  • 65% of chief executives have had their pay frozen in the last year.
  • Where chief executives are eligible for a bonus, they all received a payment in the last 12 months.
  • The equal pay gap at executive level is narrowing: an encouraging sign since equal pay issues continue to be a hot topic.
  • The median general pay award for all staff expected for 2011 is 1.0%, with a pay freeze expected in 43% of organisations.

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