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TVNZ’s Top Earners

TVNZ’s Top Earners

A sharp rise in the number of high earners at TVNZ is revealed in the crown-owned television company’s 2011-12 annual report.

The number of employees in the $100,000-$120,000pa bracket has jumped from 73 to 87, an increase of just under 20% in a year.

Of the 87 employees in that salary range, 56 earned $100,000-$110,000 and 31 were on $110,001-$120,000. The comparable figures in 2010-2011 were 41 and 32, hinting at a big boost in numbers and pay for the broadcaster’s middle management.

At the top of the tree, TVNZ’s chief executive, Kevin Kenrick, starts out on $810,000-$820,000. Formerly with Telecom and House of Travel, Kenrick took over in May from Rick Ellis who got TVNZ’s top salary up to a record $910,000-$920,000 before crossing the Tasman to head Telstra’s digital media division.

Salaries at TVNZ rose steadily after Ellis began his second stint as chief executive in 2006 on a salary in the mid-$600,000s. The number of employees on $100,000-plus a rose 34% from 152 in 2006-2007 to 204 in 2011-12.

The latest annual report also reveals that TVNZ paid out $1.5 million in compensation to 34 employees whose employment was terminated in the 2011-12 year, down from the $2.1 million paid to 44 redundant staffers the previous financial year.

ends

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