Page 334 - Week 01 - Thursday, 18 February 1993
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• ARRANGEMENTS FOR PERFORMANCE APPRAISAL, PERFORMANCE PAY AND RELATED MATTERS FOR THE SENIOR EXECUTIVE SERVICE (SES); AND
• ARRANGEMENTS FOR PERFORMANCE APPRAISAL, PERFORMANCE PAY, ALLOWANCE & RELATED MATTERS FOR SENIOR OFFICERS & EQUIVALENT CLASSIFICATIONS.
THE COST TO THE BUDGET IN 1992-93 OF THE 2% PRODUCTIVITY PAYMENT AND THE 1.4% ECONOMIC ADJUSTMENT PAYABLE IN MARCH 1993 IS ESTIMATED TO BE $5.OM. THE COST OF THE SENIOR OFFICER ALLOWANCE AND PERFORMANCE PAY FOR THE SENIOR EXECUTIVE SERVICE AND THE SENIOR OFFICERS STRUCTURE WILL ADD ANOTHER $3.4M TO THE 1992-93 COST.
THE 1992-93 COSTS WILL BE FUNDED FROM WITHIN THE $12M BUDGET PROVISION FOR WAGE AND SALARY INCREASES ARISING DURING THE COURSE OF THIS FINANCIAL YEAR. THIS PROVISION IS DETAILED IN THE BUDGET OVERVIEW TABLE ON PAGE 51 OF BUDGET PAPER NO 2 FOR 1992-93.
THE INDICATIVE FULL YEAR COST OF BOTH THE 1.4% AND THE 1.5% ECONOMIC ADJUSTMENTS PAYABLE UNDER THE AGREEMENT IS APPROXIMATELY $8M. THIS ONGOING COST WILL BE FUNDED FROM FUTURE RECURRENT REVENUES.
THE FULL YEAR COST OF THE 2% PRODUCTIVITY PAYMENT WILL BE PROGRESSIVELY OFFSET BY INCREASED PRODUCTIVITY IMPROVEMENTS.
SALARY AND WAGE INCREASES FOR ADMINISTRATIVE OFFICERS GRADE 6 AND BELOW FLOWING FROM LOCAL ENTERPRISE AGREEMENTS WILL BE SELF-FUNDED THROUGH PRODUCTIVITY SAVINGS.
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