Labour Market Forum 2010 - Planning Institute of Jamaica

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employ thousands, but more important, will create many new opportunities. Agriculture An efficient agricultural sector will need fewer workers in the long term so if the goal is to maintain and create new jobs, then policy has to facilitate the move to value-added processing and branding. Manufacturing The mass-production of goods is not an area that offers much potential for new jobs but the manufacturing sector can move to specialized niches that require highly skilled workers. Mining A competitive mining sector will become more mechanized and capital-intensive and will need fewer workers in the future but there will be the need for high-level technical skills. ICT/BPO/ Nearshoring Becoming the business “back office” for North America offers perhaps the greatest opportunity to create large numbers of well-paid jobs for Jamaicans in the future. 106
There are several factors that have given Jamaica a unique advantage in this area: > Jamaican workers have proven to be excellent in sales and other skills that can be outsourced. > Jamaica has built a world-class telecom infrastructure and there has been an over 80% fall in price to large users over the last five years. > Jamaica is an English speaking country that lies in the same time zone as the USA’s Eastern Seaboard, the time zone with the greatest concentration of wealth in the world. > Jamaica is an attractive place for North American managers to live and work, it is easily accessible and it is close to home. This is the advantage of “Nearshoring” vis a vis “Offshoring”. > Many North American firms have found that their workers are most productive on the day shift and where they can interact with their outsourced counterparts during those hours, being in the same 107
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Labour Market Forum 2010 Jobs for G
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12:00 p.m. - 12:20 p.m. Mr. Benthan
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Gladstone Anthony Hutchinson, Phd D
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Professor Rosalea Hamilton Ba (Hons
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Mr. Wayne Chen Wayne Chen is the Ch
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Mr. Benthan H. Hussey, B.A., M.Sc.
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Jamaica Producers Group, Caribbean
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Introduction In a nutshell the labo
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evenues which led to the ending of
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Despite the aforementioned challeng
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Hence, while probably a moral and n
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in the brighter promise of the futu
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As Minister of Labour with portfoli
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e-launching its Labour Market Infor
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Professional Gaps in the Labour Mar
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“Jobs for Growth: The Trade Union
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perhaps most importantly, he argued
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and the equity considerations which
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to break with the system. It is equ
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jobs, quality jobs, decent work are
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pay and productivity, important fac
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formal contracts and work is usuall
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The rise of new Keynesian thinking
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“The Role of MSMEs in Economic Ex
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Development seen as the process of
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Growth of domestic capital at a fas
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⇒ It is this tacit knowledge that
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Page 58 and 59: ⇒ Significant investment in capac
Page 60 and 61: Overview More than a Financial Cri
Page 62 and 63: Vocational and technical training/e
Page 64 and 65: A challenge to maintain the “Cari
Page 66 and 67: It is necessary to develop and publ
Page 68 and 69: Labour Productivity an Overview →
Page 70 and 71: The level of productivity, in turn,
Page 72 and 73: Jamaica’s Labour Market: Selected
Page 74 and 75: c) Time related (69,500 and 69,300
Page 76 and 77: Productivity & the Jamaican Economy
Page 78 and 79: Table 2: Annual average increase in
Page 80 and 81: Comparative Labour Statistics (Mini
Page 82 and 83: → No guiding philosophies (e.g.,
Page 84 and 85: Factors Contributing: Consistently
Page 86 and 87: Year Gini Coefficient Unit Labour P
Page 88 and 89: An Actual Performance Based Payment
Page 90 and 91: Elements of performance payments ar
Page 92 and 93: Should any 925 unit employee choose
Page 94 and 95: Policy Requirements: Data Standardi
Page 96 and 97: → In many instances, as soon as o
Page 98 and 99: The simple truth is that the Privat
Page 100 and 101: We have to also bear in mind that o
Page 102 and 103: equire to be internationally compet
Page 104 and 105: Where are the future job opportunit
Page 108 and 109: time-zone gives Jamaica an advantag
Page 110 and 111: Education and Training Many Jamaica
Page 112 and 113: - End - 112
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Labour Market Forum 2010 - Planning Institute of Jamaica

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