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Turning a Profit
When it comes to innovative government management, New Zealand has led the way. Now American reinventors are trying to learn from the Kiwi example.
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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