Haiti, part of the Caribbean island of Hispaniola which it shares with the Dominican Republic, is a small but dynamic labor market. Six years ago, Haiti was struck by a massive earthquake, causing a drop in GDP of -5.5%. Since then, however, the country has come back, averaging 3.4% growth each year since 2011. How has the labor market reacted in recent years?
The Birches Group compensation and benefits survey in Haiti includes private sector organizations in industries such as telecom, cement, consumer goods, etc., as well as diplomatic missions and international organizations. The most recent survey, released in October, 2015, included seventeen employers.
A comparison of representative professional and support positions shows market movement from October, 2014 to October, 2015 at 7.8% for professionals and 5.7% for support roles. Devaluation against the US dollar was 4.5% during the period, and Inflation (as of February, 2016) is estimated at 14.4% annually (source: Trading Economics). This indicates that employers are moving salaries cautiously, in line with their budgets, and the supply and demand pressures in the labor market.
For Professional positions, represented by the Senior Working Level Professional benchmark job, the graph below shows details of market movement from October, 2014 to October, 2015:
For support roles, represented by the Specialist Service Provider/Technician benchmark, the results are slightly lower:
The full range of the market, as reported in the October, 2015 survey, is shown below:
Birches Group conducts a survey in Haiti three times a year, with release dates in April, July and October. A separate surveys for international NGOs is also available. Clients can join the survey at any time and get immediate access to the survey results. For more information, or to register for the survey, please contact us.