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 told Mike Hosking that this has the potential to incentivise change.

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

LISTEN ABOVE

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 told Mike Hosking that this has the potential to incentivise change. 
He says it's reflective of the directive to give results that stack up. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Brad Olsen: Infometrics Chief Economist on the introduction of performance-based pay for public sector agencies

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b2dc9753-7211-4f5f-9346-b192014900de/transcript