Cooperazione & Relazioni internazionali
Charities are bearing the brunt of the recession
Results from the Acevo Pay Survey 2009/2010.
di Acevo
More than a quarter of charity CEOs have had their pay frozen in the past year according to the new ACEVO Pay Survey 2009/10, conducted on behalf of ACEVO by Tribal Global Resourcing.
The survey, released on Tuesday 13 October, reveals that 28% of charity CEOs have experienced a remuneration freeze in response to economic conditions over the last year. The pay of smaller charity CEOs fell by an average 9.1%. This contrasts with a 10% average rise in the salaries of the CEOs of the FTSE 100 companies over the same period.
Stephen Bubb, CEO of ACEVO, said:
“It is not surprising that our members have shown such restraint in response to the prevailing economic conditions. We would always expect charity CEOs to act in the best interests of the organisations’ and the vulnerable people they serve and commend them for their actions.
“What is interesting is the contrasting approach of the private and voluntary sectors. While the CEO’s of the sector left to mop up the affects of recession have taken a responsible path it seems it is they and the organisations they represent are shouldering much the financial burden of recession. As we learnt last month – the top 100 plc CEOs whose company fortunes have presumably also dropped, have been awarded 10% pay rises over the past year.
“While it is important that charity heads behave responsibly in the face of the challenging economic conditions, we must not allow the current situation to become the norm. It is important that we continue to make the case for paying charity chief executives fairly for the demanding and crucial professional role they continue to play.”
According to a new report from the Charity Commission on the impact on charities of recession, 17% had experienced rising demand for their services. According to the same report 69% of charities had experienced falling levels of incomes from investments, 31% reported a drop in income from grants and 26% experienced a decrease in fundraising income.
David Fielding, Tribal Resources said,
“It’s clear from this survey that charity Chief Executives enjoy high levels of job satisfaction, despite working long hours and, in the last year this survey reveals, have faced pay freezes or pay cuts. This shows their dedication but, if the trend continues, could prove dangerous for the sector and its ability to retain and recruit senior talent in the longer term.”
“Another very real threat to charities is their failure to attract and recruit diverse Executives, Chairs and Trustees. Despite some real improvements in gender representation in senior roles, leadership teams still do not adequately reflect the population they seek to represent. Playing lip service to the issue of diversity is simply not good enough”
ACEVO’s survey showed that nearly 70% of charity CEOs work an average ten hours overtime at weekends and nine hours during the week. Many don’t take their holiday entitlement. Nevertheless, 90% reported they were satisfied in their jobs, 81% said they were happy in their career and 96% would recommend working in the sector to others.”
The average salary of a CEO in the third sector this year is £57,264.
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