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      Home > News > Business

    Performance-based pay is on the horizon for Chief Executives of public sector agencies

    Performance-based pay is on the horizon for Chief Executives of public sector agencies

    18 June 2024
    Departments are moving to another phase of cost-savings - after the Budget confirmed spending reductions.

    Finance and Public Service Minister Nicola Willis has confirmed pay boosts will be tied to progress - but she's not expecting any bonuses to be paid out for at least a year.

    Infometrics Principal Economist Brad Olsen says this has the potential to incentivise change.

    He says it's reflective of the directive to give results that stack up.

    © 2025 Newstalk ZB, NZCity


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     International:
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     Entertainment:
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