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Basic pay for housing association staff rose by a median of 3.8% in the 12 months to July 2009, according to CELRE's Housing Association Salary Survey 2009/10 published exclusively on XpertHR JobPricing.
The figure is down from 5.4% the previous year, but still represents a healthy increase for many staff at a time when an economic slowdown was turning into a recession.
But there are signs of harder times to come. Participating employers say that while their most recent salary reviews resulted in an average increase of 2.5%, both the pay bill and the next salary review are forecast to come in at just 1.2%.
There are also indications that staff are finding it more difficult to move on to other jobs as the recession bites. Although redundancies in the sector remained low, falling to just 0.8% (compared with 1.7%) in 2008), resignations dropped from 9.4% to 4.1%.
XpertHR head of salary surveys and data benchmarking Mark Crail said:
"As publicly funded bodies, housing associations were partially protected from the early impact of the recession, but it is clear from the figures that they are far from immune to what is happening in the wider economy.
"Forecasts for the coming year show that housing associations expect pay settlements in 2010 to be around half the level they were in 2009, and for many people that may mean a pay freeze."
The Housing Association Salary Survey 2009/10 is based on data from 29 UK housing associations and covers 6,461 employees from chief executive to administrative assistant.
Key findings from the CELRE Housing Association Salary Survey 2009/10
(2008 figures in brackets):
- Basic pay up 3.8% at the median (5.4%).
- Basic pay plus bonuses up 3.9% at the median (5.4%).
- Most recent pay settlement 2.5% at the median.
- Forecast for next pay settlement 1.2% at the median.
- Resignation rate 4.1% (9.4%).
- Redundancy rate 0.8% (1.7%).
- Total labour turnover for all reasons 6.5% (13.4%).
Find out more about the CELRE Housing Association Salary Survey 2009/10
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