Turning a Profit

Before New Zealand's weather forecasting agency was turned into a state-owned enterprise, it had overspent its budget by $2 million. The organization made a profit for the first time last year, and thanks to the profit-sharing plan, each employee took home $3,000.

Before After
Profits -$2 million $400,000
Number of
employees
360 160
Individual
employment
contracts
0 60% of employees
Pay Automatic
cost of living
Performance pay,
profit sharing
Forecast contracts
with newspapers
0 75% of the
market
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