Care bosses taking home 13 times wages of workers, says UNISON report

Executive pay packages are soaring at private equity firms that own care homes​, while conditions plummet for residents and staff, says a report published by UNISON today (Wednesday). Directors of for-profit investment companies across the UK are now collecting 13 times the wages of the care workers they employ, according to new data from the University of Surrey and analysts Trinava Consulting. The 43-page report​ – Held to Ransom​ – reveals workers and the people they support​, including the elderly and those with disabilities, are paying the price for profit being put before care. In-depth interviews ​conducted by University of Surrey researchers with workers expose chronic and deliberate understaffing of homes, rationing of medical supplies and food, and the falsifying of paperwork to cover up mismanagement. UNISON sa​ys the massive pay rises are the result of greed,​ not market competition, and called for urgent reform of the crisis-hit care sector. The union ​is warn​ing even more staff could quit as they struggle to cope in the worst cost-of-living crisis in decades. The average salary has rocketed by more than 100% in five years for top executives at some of the largest care home owners including Barchester, HC-One, Care UK, Avery Healthcare, and Signature Senior Living​, says the research. Remuneration packages for the highest-paid bosses at these firms have increased on average from £146,100 to £296,600 between 2015 and 2020. Th...
Source: UNISON Health care news - Category: UK Health Authors: Tags: News Press release care homes care workers Source Type: news