Birches Group Employer Roundtable and On-site Visit to Kingston and Montego Bay, Jamaica

We are pleased to announce that Birches Group will be in Kingston and Montego Bay, Jamaica from October 7-11, 2019. We will also be conducting an employer roundtable on October 7, 2019.  The event is sponsored by Birches Group in partnership with the Caribbean HR Solutions.

The event will feature an updated presentation on Compensation and Benefits Trends in Jamaica and more information about the Birches Group surveys in the region, which is updated three times every year, in April, July and October.

This is a wonderful opportunity to meet with our clients and potential participants, share information about the challenges of managing compensation and benefits in Jamaica and to learn more about our integrated approach to HR management, Community™

For more information, please contact us.

Birches Group Employer Roundtable and On-site Visit to Belmopan and Belize City, Belize

We are pleased to announce that Birches Group will be in Belmopan and Belize City, Belize from September 30-October 4, 2019. We will also be conducting an employer roundtable on September 30, 2019 in partnership with the Belize Chamber of Commerce & Industry (BCCI). The roundtable event will be held at the BCCI office.

The event will feature an updated presentation on Compensation and Benefits Trends in Belize and more information about the Birches Group surveys in the region, which is updated three times every year, in April, July and October.

This is a wonderful opportunity to meet with our clients and potential participants, share information about the challenges of managing compensation and benefits in Belize and to learn more about our integrated approach to HR management, Community™

For more information, please contact us.

Birches Group Employer On-Site Visit to Miami, U.S.A.

We are pleased to announce that Birches Group will be in Miami, USA from September 26-27, 2019.

This visit will focus on discussions around Compensation and Benefits Trends with employers operating in the Caribbean region, as well as other information about our Birches Group surveys which is updated three times a year, every April, July and October.

This is a wonderful opportunity to meet with our clients and potential participants, share information about the challenges of managing compensation and benefits in these emerging markets and to learn more about our integrated approach to HR management, Community™

For more information, please contact us.

Birches Group Employer Roundtable and On-site Visit to Port-au-Prince, Haiti

We are pleased to announce that Birches Group will be in Port-au-Prince, Haiti from September 16-20, 2019. We will also be conducting an employer roundtable on September 16, 2019, 9am-12pm at the Karibe Hotel.  The event is sponsored by Birches Group in partnership with Strategys.

The event will feature an updated presentation on Compensation and Benefits Trends in Haiti and more information about the Birches Group surveys in the region, which is updated three times every year, in April, July and October.

This is a wonderful opportunity to meet with our clients and potential participants, share information about the challenges of managing compensation and benefits in in Haiti and to learn more about our integrated approach to HR management, Community™

For more information, please contact us.

Birches Group Announces Strategic Partnership with Caribbean HR Solutions (CHRS) in Jamaica

Birches Group, a global market consulting group that provides salary and compensation data to developing countries, is pleased to announce its strategic partnership with Caribbean HR Solutions based in Montego Bay, Jamaica. With over ten years of experience, Caribbean HR Solutions provides outsourced HR solutions such as recruiting, employment agency, payroll & benefits and HR consulting to its clients. Having clients from various sectors in the country, Caribbean HR Solutions provides practical Human Capital management for companies entering the Caribbean Service Center market ensuring they access the best talent available.

Under this partnership, Caribbean HR Solutions will co-sponsor Birches’ multi-sector survey and help promote survey participation to all their clients and other Jamaican entities. Together, both entities will also be exploring possible compensation management training events, webinars and other activities to provide professional development opportunities for HR practitioners in Jamaica.

In commenting on the partnership, Debra Fraser, CEO of Caribbean HR Solutions, said “We are excited to enter into this partnership with Birches Group. Being actively engaged in the HR industry for over 20 years, I believe that this partnership will provide Jamaican employers with competitive information to maintain their most valuable assets (employees). Over the years, Jamaica has been struggling with access to credible/specific data to make strategic employment decisions. We are pleased to partner with Birches Group as their solutions will move our clients and Jamaica in the direction of being a data-driven society.” 

Julienne Sayoc, Manager for Private Sector Business Development for Birches Group, added: “This collaboration with CHRS creates a mutually advantageous partnership that expands CHRS’ product and service portfolio while it allows Birches Group to increase and sustain its visibility and penetration in the market. Combining Birches Group’s expertise in compensation and benefits solutions with CHRS’ well established presence and cross-functional HR expertise will undoubtedly bring about synergies that will ultimately benefit our mutual clients.”

For more information about this partnership, or to learn more about Birches Group products and services, please contact us.

Download the press release here.

Birches Group Employer On-Site Visit to Miami, U.S.A.

We are pleased to announce that Birches Group will be in Miami, U.S.A. from June 7-8, 2018.

This visit will feature presentations on Compensation and Benefits Trends in countries in the Caribbean, as well as information about our Birches Group surveys in the Caribbean region, which is updated three times annually.

This is a wonderful opportunity to meet with our peers and share information about the challenges of managing compensation and benefits in the Caribbean region.

For more information, please contact us.

Impact of Labor Migration in Guyana

Guyana’s economy has been continuously growing over the past decade, with an annual average of 4.7% from 2005 to 2013. Growth slowed down in 2014 and 2015 due to the collapse of commodity prices for Guyana’s major exports, sugar and gold. But with the support of public investment and rapid growth of gold production, the economy is projected to grow by around 4% in 2016 and 2017 and by 3.8% in the years beyond 2017. Despite this growth, the country is struggling with a pervasive trend – migration of the Guyanese labor force to nearby Caribbean Islands, seeking higher paying jobs.

Changes in labor market conditions and the struggling sugar industry have contributed to the increased movement of Guyanese workers to other Caribbean countries.  Popular destinations include Barbados, Trinidad and Tobago, Antigua and the British Virgin Islands, where project-based jobs offering higher pay and better gratuities can be found.

Sugar is one of the leading industries in the country, generating about 20% of Guyana’s gross domestic product and the country’s largest employer. Guyana’s sugar industry closed 2016 with financial losses and is expected to continue to decline due to low prices on the global market.

Higher taxes are another factor driving labor migration. Effective January 1, 2017, a new income tax rate of 40% was introduced for those earning in excess of 2,160,000 GYD (about 10,500 USD) per year (a 28% rate applies below that level). This replaces the former flat rate of 30% for those earning over 660,000 GYD.  For workers subject to the new 40% tax, this represents an increase of one-third in their marginal tax rate. In addition, the implementation of a 14% VAT for electricity and water bills are proving to be an additional burden for employees.

So how do compensation packages in Guyana compare to other markets in the Caribbean?  Using data from the most recent Birches Group surveys effective October, 2016, we prepared a comparison of total compensation data across eleven Caribbean countries.

The median total compensation for a Working Level Professional (BG-10) in the region is 67,839 USD. Grenada has the lowest rate (45,605 USD), while Bermuda has the highest (177,920 USD), which sets the difference between the two countries at 290%. Guyana ranked third to the last and was observed to be only at the 20th percentile among the eleven Caribbean countries.

Barbados has the widest pay range of 73% while Curaçao, at 19%, had the narrowest one. After Barbados, Guyana has the next widest pay range, at 66%.  A wider pay range indicates a greater amount of pay differentiation for positions with the same level of contribution.

“Pay Mix” is the combination of base salary together with non-base components of pay, such as fixed allowances, variable pay and in-kind benefits.  There is a wide variation of practices within the Caribbean region.

Grenada and the Bahamas have the highest base pay percentage, with less than 5% non-base components. Trinidad and Tobago and the Dominican Republic have the highest percentages for non-base components of pay, over 20% of the total compensation.

While there may be several factors that compel employees in Guyana to look for opportunities in other Caribbean countries, it appears there are several locations with richer compensation packages.  Of course, there could be other differences such as cost of living and taxes which could narrow the gap on a net basis.  Employers in Guyana should pay careful attention to salary levels as competition for talent becomes more intense.  Eventually, this will drive salaries higher in Guyana.

Birches Group surveys offers labor market data which helps employers in the Caribbean remain competitive in today’s vibrant and increasingly complex labor market. Our highly-trained analysts, global data coverage, and extensive database allows us to deliver comprehensive and consistent compensation data to our clients. We provide quality research and market analysis that show not just a singular data point but a whole salary range in the market with varying percentiles, and detailed benefits information accompanied by summaries and comparative tables.

Contact us for more information about how your company can join our surveys.

Thank you to the Birches Group Latin America/Caribbean team for their assistance in researching this article.

Birches Group Announces Seven New Survey Markets

Birches Group is pleased to announce the expansion of our global multisector salary survey to seven new markets.  This brings the total number of Birches Group multisector surveys to 155 high-growth and developing markets.

Beginning late in the fourth quarter of 2016, Birches Group will conduct surveys in the following countries and territories:

  • Belize
  • Bermuda
  • Curaçao
  • Grenada
  • Marshall Islands
  • Federated States of Micronesia
  • Palau

We are excited to expand our survey coverage into these new markets.  With the addition of the four surveys in the Caribbean and Central America, we will now cover all Central America markets, and a total of nine in the Caribbean.

The Marshall Islands, Micronesia and Palau are island nations in the Pacific, and will complement our coverage of that region, which already includes Fiji, Kiribati, Papua New Guinea, Samoa, Tonga, Solomon Islands and Vanuatu (NGO survey only).

Employers from all sectors are invited to participate in the surveys.  The survey captures comprehensive information about salaries and benefits for local employees (not expatriates).  Participation is easy using the Birches Group streamlined approach, which includes in-person data gathering interviews, and job matching completed by the Birches Group consult on behalf of the employer.

Going forward, we will add these new markets into our “evergreen” survey cycle and issue updates three times a year, most likely beginning in July, 2017.

For more information about how to join these new surveys, please contact us.