Construction dominates WORC’s July jobs report
The Construction, Administrative and Support Service activities, and Accommodation and Food Service activities dominated job postings in July according to the latest WORC (Workforce Opportunities and Residency Cayman) report.
The Construction sector accounted for 319 job postings, representing 20.1 percent of the total number of job openings in July 2023 (see Figure 2). The Administrative and Support Service activities followed with 261 job advertisements (16.4%) while the Accommodation and Food Service activities recorded 253 job openings (15.9%).
Carpenters and joiners accounted for 63 job postings which represented 4.0 percent of all job openings (see Figure 4). Stonemasons, stone cutters, splitters, and carvers followed with 62 job postings (3.9%) while accountants recorded 60 job postings or 3.8 percent of the total.
The most required level of educational attainment was for persons with high school or equivalent qualification followed by a bachelor’s degree for the month and YTD period. Persons with five years or more experience were the most desired in both review periods. Job postings in the legal, healthcare, financial services, actuarial, economist and information technology career fields accounted for most of the highest salaries offered in both review periods.
575 job advertisements (36.2%) required persons with more than five years’ experience, 277 job postings (17.4%) required persons with three to four years’ experience while 259 job openings (16.3%) required persons with two to three years’ experience.
Report recommendations included: “Increased public-private partnership to address key bottlenecks such as skills gap in the local labour market Government should be proactive to maximize on private sector participation through closer alignment on long-term strategic goals which are needed to solve the most persistent labour market issues,” and, “Collaboration with the Ministry of Education to bridge the gap between labour needs and the supply of labour by sharing local and global labour market information: This information will provide critical insight into the jobs and skills of the future and allow the Ministry of Education to intervene at an early stage to better inform and prepare students.”
The link to the full report can be found here: https://www.worc.ky/help/jobscayman-help