Australia Post boss defends $170,000 bonuses for highly paid staff | LisaVisentin
Australia Post has defended rewarding highly paid staff with bonuses averaging almost $170,000 last financial year, with five senior employees receiving additional sums to keep them from being poached by a competitor.
The five employees who received retention bonuses in 2020-21 were all male, with one working in the executive team while the other four were senior managers.Thirty-one Australia Post employees who earned a base salary between $300,000 and $400,000 took home, on average, a “short-term incentive” bonus of $168,000 in 2020-21 – an increase of 22 per cent on bonuses paid to employees in that salary band the previous year.
“We certainly don’t see them as bonuses at all,” Mr Di Bartolomeo told the Senate’s environment and communications legislation committee. “With our senior executives, we have contractual arrangements around the remuneration that provides two components of remuneration.”
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