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20 Jul 2024 12:07
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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


    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.

    © 2024 Newstalk ZB, NZCity

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