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.

BeforeAfter
Profits-$2 million$400,000
Number of
employees
360160
Individual
employment
contracts
060% of employees
PayAutomatic
cost of living
Performance pay,
profit sharing
Forecast contracts
with newspapers
075% of the
market

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Turning a Profit
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