Pay, Pension & Prospects
Employees working in the practical side of the industry at a Racehorse Trainer's will be protected by many of the agreements that are in place by way of the trainer licensing. This offers them a great deal of protection, and in that respect a better working environment that other equestrian disciplines.
The staff union National Association of Stable Staff is key in supporting stable staff in the industry and work closely with the employers National Trainers Federation to agree terms. Some of the key aspects of employment that they discuss are:
- Wages and Conditions - The Agreement provides for a Racing Industry Minimum Rates of Pay Structure and certain standard conditions of employment for stable staff employed by trainers in the racing industry. Further details and current rates of pay can be found on the National Association of Stable Staff website.
- Pool Money - This is essentially the distribution of a share of a percentage of the prize money won by a horse in the yard. The stable staff in the yard agree how they want this to be fairly distributed. The payment of pool money by the trainer to the staff is governed by the Orders and Rules of Racing. Non compliance is a breach of the rules which could result in disciplinary action by the British Horseracing Authority, hence staff are protected.
- Pension - Under the Rules of Racing trainers have to contribute to a pension scheme for eligible employees.
- The Racing Industry Accident Benefit Scheme (RIABS) - RIABS is funded by licensed and permitted trainers and by contributions from stable staff. The scheme provides for benefits to eligible persons following accidental injury, disablement or death arising out of, whilst carrying out duties for a licensed trainer, including bona fide journeys between normal place of residence and place of work. The scheme does not cover race riding accidents or accidents, which occur while on, or travelling to and from a racecourse when engaged to ride.
The Breeding industry, whilst not regulated in the same way under license, also looks to provide excellent employment practices. The Thoroughbred Breeders Association is the only official body representing Thoroughbred Breeders in Great Britain and further details on employment can be found on their website.
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