Oireachtas Joint and Select Committees

Thursday, 27 February 2014

Public Accounts Committee

Payments to Section 39 Companies: Discussion

12:50 pm

Ms Angela Kerins:

Performance-related pay is part of some people's contract. Bonuses, or performance-related pay, are paid on the basis of key targets being reached. For example, in the sales area which most people can understand better a person getting a bonus must achieve a certain level of sales. It is no different in the case of any other staff member in the organisation who may or may not in the past or may have in the future performance-related pay. Targets are set at the beginning of the year in the budgets and business plans for the year. That is how the bonuses are established, to what percentage was the target or a number of targets achieved.

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