More than half of the Cayman-based respondents to the most recent caycompass.com online poll said their workplace has either reduced the number of its employees or completely shut down as a result of the economic downturn.
However, a full 42 per cent said their staff size either hadn’t been affected at all or there had been additional staff hired.
Of the 533 respondents, 60 reported they did not work in Cayman. Of the remaining 473 respondents, 165 of them (31 per cent of the total or 34.9 per cent of the Cayman-based respondents) said the staff size at their workplace hadn’t been affected at all by the economic downturn.
‘It hasn’t really affected us, but a few of our former on-island employees are now working for us off-island and they haven’t been replaced on-island,’ said one person. ‘So, I guess you could say we outsourced some jobs.’
Several people reported other kinds of cutbacks other than staff.
‘The staff count is the same, but there have been other measures put in place to reduce overheads,’ said someone else.
‘There have been no staff cuts, but there is definitely no new hiring, so we’re all working harder,’ said another person.
Someone else noted that their company’s staff size had remained the same, but working hours had been cuts.
Thirty-six respondents (6.8 per cent of the total and 7.6 per cent of the Cayman-based respondents) said their company had hired more people.
‘But that’s going to surely stop,’ said one person.
‘But it’s only temporary,’ said someone else.
One hundred thirty-nine respondents (26.1 per cent of the total and 29.4 per cent of the Cayman-based workers) said their workplace had let a few people go.
‘One person let go – a Caymanian,’ said one respondent.
‘A few have been let go, but most have been asked to take a reduction in hours,’ said another person. ‘Most of those let go have been Caymanians. It seems as if this has been mostly an excuse to get rid of the so-called difficult Caymanians.’
Another 97 people (18.2 per cent of the total respondents or 20.5 per cent of the Cayman-based respondents) said their workplace had let go numerous staff members.
‘We’re downsizing from 225 staff to about 150 or so,’ said someone else.
Thirty-six people, the exact same number that said their companies had hired more staff, said their workplace had shut down entirely because of the economic downturn.