The start of 2024 has brought a wave of new opportunities for those looking for work in Cayman.
The latest numbers from Workforce Opportunities and Residency Cayman show that job postings on its portal increased significantly from 1,103 in December 2023 to 1,852 in January 2024. This trend appears to be in line with WORC’s call last month to bolster certain industries, including construction.
The vast majority of the job postings — 75% — were in industry jobs related to construction, accommodation and food services, administrative and support services, financial and insurance services, and wholesale and retail trade.
In-demand positions
Construction recently overtook accommodation and food service activities as the industry with the highest demand, according to the report penned by Reinaldo Fletcher, WORC’s labour market demand manager.
In December, the accommodation and food service industries had 223 listings, and construction had 207. In January, construction had 397 listings, and accommodation and food had 319.
Employers were mostly seeking carpenters and joiners, closely followed by general building construction labourers.
There was a similar uptick in overall job postings at the end of 2022, though not by such a drastic margin.
A total of 1,308 postings across all sectors were listed in December 2022, and 1,909 were listed in Jan. 2023.
Drumming up business
WORC noted that high-paying jobs in a variety of industries were posted last month.
The highest were for managing directors and chief executives, with an average salary of $192,482. Specifically in the financial services and insurance industries, that average was $236,099 annually.
Employers seem to be offering higher pay, considering the average annual salary for those directors was $149,083 in December.
WORC reiterated its recommendation that national employment strategies should focus on providing educational opportunities so workers can improve their standard of living, job stability and earnings.
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