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Vaughn McDonald, Deputy Board Chairman at CSHRP and Kimberly Largie, lead researcher at CSHRP
There is concern that Jamaica could be hardest hit by mass migration in the Caribbean after a survey has revealed that the country has the lowest salaries in the region on average.
The Caribbean Salary Survey Report: Pay Pulse 2024 was produced by the Caribbean Society for Human Resource Professionals (CSHRP) in collaboration with Caribbeanjobs.com.
In the report, now in its third edition, The Bahamas emerged as the salary leaders, particularly in executive and specialised positions, followed by St. Kitts and Nevis and Barbados.
Vaughn McDonald, Deputy Board Chairman at CSHRP, said more Jamaicans may leave the country to take up more lucrative jobs in the Caribbean.
As a result, Mr. McDonald said Jamaica could suffer more from brain drain.
"[Following] the survey, persons said 'Oh, let's go to Bahamas.' But we know it's happening. If you look at it that in many of the companies, and we talk about losing the skills gap, it's because they are migrating to countries like those because of the very said reason," he pointed out.
Mr. McDonald was speaking Monday morning on TVJ's Smile Jamaica.
Kimberly Largie, lead researcher at the Caribbean Society for Human Resource Professionals, said the value of the Jamaica dollar against the US dollar is also a contributing factor for the low salaries.
"Because we have 20 different Caribbean countries with different currencies, we converted all of them to US dollars," she noted while also speaking on TVJ's Smile Jamaica.
Meanwhile, she said Jamaica's rate of pay was above the Caribbean market rate in about 8.3% of the roles surveyed.
The CSHRP is recommending a compensation reform.
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