INDEPENDENT NEWS

“Fake News” re pay and performance bonuses for top managers

Published: Wed 16 Oct 2019 03:25 PM
16th October 2019
“Fake News” from Panuku and other Auckland City Council CCOs Board Chairs re pay and performance bonuses for top managers
Despite comments from Auckland City Council CCOs Board Chairs re pay and performance bonuses for top managers—Herald Newspaper Tuesday Oct 15th--there is very little evidence that says high pay and bonuses improve the performance of a company. Most evidence in this field says they do not. So these statements are simply fake news to encourage senior managers and Boards to “scratch each other’s backs” and so “jack up” their remuneration.
The argument that high pay is necessary to attract top people is also very fraught. Again the research does not support this. Also this argument implies that no one in the company is right for the top job and this speaks volumes for the professional development programmes for that company and earlier employment activity. Try the recent history of Fontera and Fletchers.
Phil Goff is right to criticize the actions of Boards of the Auckland City Council’s CCO’s Boards to increase pay and bonuses to their top managers particularly when many of them are not even paying the “living wage” or insisting that their contractors pay at least the “living wage”. This certainly smacks of greed at the top and a lack of concern for staff at the bottom of these organizations.
ends

Next in New Zealand politics

Government To Regulate Vaping
By: New Zealand Government
On The Political Donations Scandals
By: Gordon Campbell
New Zealand: Housing Crisis Requires Bold Human Rights Response, Says UN Expert
By: UN Special Rapporteur
National’s Economic Plan For 2020 And Beyond
By: New Zealand National Party
Right To Regulate Vaping But Wrong To Limit Flavours
By: Vaping Trade Association of New Zealand
Vapers Welcome Risk Proportionate Regulation On Vaping
By: Aotearoa Vapers Community Advocacy
Vaping Crackdown Bill Needs Improvement
By: New Zealand Taxpayers' Union
Pacific Communities Will Benefit From Vaping Bill
By: Tala Pasifika
Vaping Crackdown Condemns Another Generation To Smoking
By: ACT New Zealand
ASH Welcomes Vaping Legislation
By: ASH
Ka Pai To Vaping Bill Announcement - Now It’s Time To Work Together
By: Hapai Te Hauora
Cancer Society Responds To Proposed Vaping Regulations
By: Cancer Society
Statement Of Jami-lee Ross - "Spoke Up Now Set Up"
By: Jami-Lee Ross
Foreign donation loophole still wide open
By: Jami-Lee Ross
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media