Housing associations face ever increasing pressure to
become more commercial entities, it seems such changes are touching all aspects
of their organisations, including staff pay and benefits. The 2015 Total
Rewards Survey indicates that as the sector witnesses a move away from final
salary pensions, there is a growing popularity for traditionally private sector
reward policies, including bonus schemes and performance related pay (PRP). The survey of 94 housing associations from
across the UK showed that with the majority of organisations seeking to reduce
costs, less than 20% of new joiners are now offered a local government final
salary pension scheme. Download the survey from the AON website.
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