A new competition is seeking to recognize the top employers in the Cayman Islands.
The competition is being launched by the Cayman Islands Society of Human Resource Professionals on 24 September 2009. Employers who meet the standards will be crowned Top Employer in early 2010.
A press release from the Association states the competition is intended to recognize leading organizations that attract and retain employees, contribute to the community through employee participation programmes, and create an environment that exemplifies respect, fairness and pride.
The winning businesses will be judged based on a number of criteria including work atmosphere and camaraderie, community involvement, physical environment, compensation and benefits, learning and development, as well as a number of others. Cayman’s best employers will be recognised by meeting certain criteria determined by a prestigious panel of judges from Grand Cayman, Canada and the United States.
The Association defines a Top Employer as a place where employees trust the people they work for, have pride in what they do, and enjoy the people they work with. That definition allows a great workplace to be measured by the quality of three relationships:
• The relationship between employees and management
• The relationship between employees and their jobs
• The relationship between employees and other employees
‘We received guidance and advice from Canada’s Top Employer organizers, then tailored our competition to include some of the unique characteristics of the Cayman business environment,’ explained committee member Phillip Scott.
‘We also sought input from local stakeholders such as the Chamber of Commerce, the Chief Immigration Officer, and local entrepreneurs to make sure that the guidelines were reflective of the Caymanian environment.’
Association President and committee chairperson Phil Jackson said there are many benefits to being ranked amongst your business peers as a Top Employer.
‘One of the most valuable rewards will come as these leading employers are able to retain top performers during this economically challenging time,’ he said.
‘The majority of persons seeking jobs rely on reputation and word of mouth, so by having the label ‘Top Employer’ you become sought after within Cayman’s marketplace.’
Additional benefits to those organizations deemed Top Employer include the use of the Top Employer accreditation logo and publicity in the Association’s annual Top Employer Guide as well as on the Association’s web site.
Revenue generated from this competition will go towards funding a Caymanian wishing to pursue a Masters degree in Human Resource Management or MBA with emphasis in HR/Organizational Development