Podcasts Other The Mike Hosking Breakfast Brad Olsen: Infometrics Chief Economist on the introduction of performance-based pay for public sector agencies

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

Published: June 17, 2024, 7:58 p.m.

Performance-based pay is on the horizon for Chief Executives of public sector agencies.\xa0

Departments are moving to another phase of cost-savings after the Budget confirmed spending reductions.\xa0

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.\xa0

Infometrics Principal Economist Brad Olsen told Mike Hosking that this has the potential to incentivise change.\xa0

He says it's reflective of the directive to give results that stack up.\xa0

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