Even as job postings on the Workforce Opportunities and Residency Cayman portal dipped slightly in May, construction maintained its lead as the industry with the most openings for two consecutive months.
Data in the latest job postings report from the WORC Labour Market Demand Unit, shared with the Cayman Compass, showed that there were 1,671 jobs from all sectors posted during May 2024 compared to 1,717 postings in April.
Based on April and May figures, the construction industry accounted for the highest number of job postings for those two months.
In May, 371 construction jobs were advertised, representing 22.2% of the total number of job openings in May 2024.
April showed a similar trend with 364 construction job postings, representing 21.2% of the total number of job openings that month.
Demand for skilled trades continues
In addition, January to May 2024, the construction industry accounted for the most job postings, recording 1,789, or 21.3%, of 8,397 total advertisements.
Opportunities for skilled workers continued throughout May, with jobs for carpenters and joiners accounting for 107 job postings, which represented 6.4 percent of all advertised jobs.
Stonemasons, stone cutters, splitters and carvers followed with 73 job postings, or 4.4% of the total, while cleaners and helpers in offices, hotels and other establishments recorded 69 job postings, or 4.1%.
Carpenters and joiners accounted for 436 job postings, which represented 5.2% of all job advertisements from January to May, according to the report.
The next largest occupation for the five-month period was building construction labourers, with 366 job postings, or 4.4% of the total, followed by stonemasons, stone cutters, splitters and carvers with 325 job openings, or 3.9%.
Job postings for the accommodation and food service industries came in second in May with 348 job advertisements, or 20.8% of the overall postings, that month, while the administrative and support service activities industry took third place with 216 job openings, or 12.9%.
The majority of the jobs advertised were for private work in Grand Cayman.
The most frequently required level of education remained high school or equivalent qualification followed by a bachelor’s degree, the report said.
The highest-paying job advertised in May were for managing directors and chief executives, with an average annual salary of $183,977.
Lawyers followed with an average annual salary of $171,693, after which came specialist medical practitioners with an average annual salary of $167,000, the report said.
The report reiterated its previous recommendations that local education programmes be “industry-focused, time-based and adhere to global standards to ensure the most efficient use of resources and guarantee the highest return on investment”.
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