Wondering how much you could earn as a an NHS board member? Find out in our latest blog
In a recent survey, we discovered that 84% of In Touch professionals pursued a non-executive career to give back and contribute their knowledge and skills to various boards. As a non-executive director or chair working in the NHS, you’ll not only make a significant difference to an organisation that continually impacts the lives of millions but you will soon earn substantially more, thanks to a new national pay structure that has been agreed by regulators.
News has emerged over the last few weeks, in the Telegraph and various health publications, that the rates for board members will more than double over the next two and a half years. The average remuneration for non-executives is expected to increase from £6,157 to £13,000 and for chairs, it will grow from £18,000 to £40,000.
The pay hike has been welcomed by many NHS trusts as they believe it will enable them to appoint the best calibre of professionals for much needed NED and chair roles. However, some are opposed to the increase in pay, arguing that these funds would be better invested in the improvement of services and hiring of more employees at a patient level.
Even with the promises of pay hikes on the horizon for non-executive directors and chairs working for NHS trusts, professionals should not be swayed to take on a board-level position solely for remuneration. As an NHS NED, you are responsible for ensuring the board acts in the best interest of its patients and is financially and operationally stable.
NHS board professionals can also face additional pressures due to the nature of the sector and the growing pressure from the media, government and the general public.
Jane Slatter In Touch member and NHS NED recently spoke at our ‘The Non-Executive Director: Your Roles & Responsibilities’ event. During the event, she highlighted the key tasks that you’ll spend your time on as an independent NHS board member:
Jane expressed that her role as a board professional for an NHS trust, which she sourced via the In Touch network, has been incredibly rewarding. She finds it particularly enjoyable contributing to an organisation that has an impact on the
community and touches lives. She regularly liaises with staff and patients to acquire insights which she then feeds into the board’s strategy and vision.
However, the role has also proved particularly demanding in some aspects and Jane concedes ‘In the NHS, ensuring you keep up to date with the national and regional health landscape and how the healthcare system works can sometimes be a challenge’.
In short, a role as a non-executive director or chair in the NHS certainly has a wealth of rewards and with the spike in salaries due to land within the next two years, it’s set to grow even more in popularity.
To ensure you’re in-the-know and ready to enter a new non-executive position in either the public or private sector, join us at one of our upcoming networking events. You’ll be able to hear from seasoned experts like Jane Slatter and meet with In Touch members and staff. You can secure your discounted seat at our November conference here by using code BLOG20 at the checkout.