Chief Executives Of NZ's Pvt. Infrastructure Sector Earn Highest

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Heads of engineering companies in New Zealand are paid the highest, while public sector executive have the lowest pay, the Strategic Pay's survey of executives showed, reports said Monday.

In the largest organizations in the private sector, on average bosses received more than NZ$ 1 million as wages, while those in the largest public sector organization received only an average of NZ$404,000.

In smaller public sector organizations with less than NZ$15 million in turnover, chief executives earned about NZ$ 166,000, the same as their counterparts in private sector organizations.

The survey said despite the government pumping in so much money into infrastructure projects, the public sector heads in the large infrastructure projects received only nearly half of what their counterparts in the private sector got, who had a median pay of NZ$300,000.

(Market News Provided by RTTNews)