Barbados ranked number 1 as the country with the highest-paying jobs in the Caribbean, according to a recent survey.
The Caribbean Society for Human Resource Professionals (CSHRP) launched its second annual Caribbean salary report, PayPulse 2023 recently. The report was compiled to address the data desert in the region on salary information and provide valuable insight for businesses and professionals by creating the most comprehensive and current resource available about the region.
According to the report, in Barbados 53.3 per cent of jobs pay above the market value. Antigua and Barbuda placed second with 16.7 per cent, and Jamaica placed third with 13.3 per cent.
Speaking at the PayPulse 2023 launch event on Wednesday, November 22, at the National Export-Import Bank of Jamaica (EXIM Bank), Rochelle James, CEO of CSHRP, said: “In the region, when officials speak, they often tell us about surveys conducted in the US or the UK, which has very little relevance to us; we need our own data to tell our stories effectively.”
“We are not just saying that we did a survey; we are also committing to conducting one every year during the January to October period and releasing it every November. Historically, surveys about the region use no more than 12-13 companies; for this year, we worked with 117 companies in 26 industries across 15 countries,” she continued.
Meanwhile, Kimberly Largie, lead researcher for the PayPulse 2023 report, noted that data was received from 81 disclosed companies, with 29 companies opting not to disclose their names.
She said 36 were regional companies operating in more than one Caribbean territory. The top three companies represented in the survey were Jamaica, Antigua and Barbuda and Barbados.
Largie also identified financial analysts and middle-management positions as the most challenging roles for employers to fill outside of the C-suite.
“The survey offers valuable insights into salary trends, recruitment challenges and industry-specific nuances in the Caribbean. These findings not only empower organisations to make informed decisions, but to contribute to the ongoing transformation of the Caribbean professional landscape”, Largie said.
