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Labour Market Forum 2010 - Planning Institute of Jamaica

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The Way Forward<br />

→ The country needs a social construct and contract,<br />

beneficial to all and is developmental and sustainable<br />

→ The labour market is in need <strong>of</strong> rationalization:<br />

→ A more highly trained and skilled workforce<br />

→ Higher participation <strong>of</strong> working-age population<br />

→ Reduction <strong>of</strong> structural unemployment<br />

→ More persons engaged high productivity jobs<br />

→ More equitable distribution <strong>of</strong> income and reward<br />

→ Need for a Performance Management Approach<br />

→ <strong>Planning</strong> and agreeing the work to be done;<br />

→ Monitoring the work being done against objectives or<br />

work agreed;<br />

→ Measuring the work done relative to objectives or work<br />

agreed, and<br />

→ Rewarding the work done according to agreement<br />

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