October 26, 2020
If it were a private business, and 4 of the team closed a $30m deal, the $20k they paid for 4 Cartier watches (or whatever the actual price was) would be nothing compared to the commissions they would / should have earned.
Maybe if the public sector treated great talent better, they would attract the cream of the crop (which is what we need for public services).
According to ABC News Australia, “the executives secured a lucrative deal with CBA, NAB and Westpac to offer banking services within postal offices… this deal saved the licensed post office network.”
I remember when Australia Post was losing out to the courier companies with ecommerce (because it didn’t deliver a good experience) – today 3 out of 4 direct-to-consumer deliveries are shipped via Australia Post.
That deserves to be rewarded.
With what’s playing out in the media right now, anyone who is ambitious and wants a salary and perks to match the value they bring to the table will think twice before joining the public sector. And that isn’t a good development for our public services.
But that’s just my opinion.
Director of Strategy + Innovation | Co-Founder at Webprofits
I co-founded Webprofits in 2006 with the belief that there's always a smarter and better way to do things. We're now a digital growth consultancy with offices in Australia, Singapore, and the United States. I'm passionate about personal and professional growth, and I like to surround myself with people who are as well. I have substantial private board experience, and have successfully launched an IPO.
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