Labour Market Forum 2010 - Planning Institute of Jamaica

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An Actual Performance Based Payment System (DR, 1999) → Performance related pay systems are important and gaining currency. → In one company the Executive Director, Finance Mgr. and Programme Managers earn 67 -71% of their pay on performance related bases. PERFORMANCE PAY AS PROPORTION OF TOTAL EARNINGS 0.8 0.714286 0.671302 0.671302 % O F TO TA L EA R N IN G S 0.6 0.4 0.2 Data A 0 EXEC. DIRECTOR FINANCE MGR PROGRAMME MGR JOB POSITIONS 88
Examples of CEOs’ PAY STRUCTURE Performance Pay Relative to Basic & Total Pay June 1999 Proportion of Earnings 0.4 0.3 0.2 0.1 0 Performance Related Pay Selected Positions & Enterprises Group CEO General Man Financial Co Barbados, 1999 HR Manager Production Marketing M Sales Manag Selected Positions Accounts Cl Executive S Secretary % of Total % of Basic 89
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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
Page 38 and 39: to break with the system. It is equ
Page 40 and 41: jobs, quality jobs, decent work are
Page 42 and 43: pay and productivity, important fac
Page 44 and 45: formal contracts and work is usuall
Page 46 and 47: The rise of new Keynesian thinking
Page 48 and 49: “The Role of MSMEs in Economic Ex
Page 50 and 51: Development seen as the process of
Page 52 and 53: Growth of domestic capital at a fas
Page 54 and 55: ⇒ It is this tacit knowledge that
Page 56 and 57: Traditional sector is not generally
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 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 106 and 107: employ thousands, but more importan
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
Page 114 and 115: → → 114
Page 116: 116
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Labour Market Forum 2010 - Planning Institute of Jamaica

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