News

The report, Improving employment prospects for Caymanians, was issued today by the Office of the Auditor General (OAG).

The report states that the Cayman Islands consistently achieved the global definition of full employment between 2019 and 2023. The Caymanian unemployment rate also met the definition every year, except during the COVID-19 pandemic.

Sue Winspear, the Auditor General, says, “According the global definition the Cayman Islands has full employment. This is also the case for Caymanians, except during the pandemic when the unemployment rate soared.” Ms. Winspear adds, “This is good news for the economy but it will feel very different for Caymanians that are unemployed and wanting to work.”

The report states that there are a number of barriers to employment.

The Auditor General says, “Despite meeting the definition of full employment there are a number of barriers to employment that need to be addressed including low educational attainment, the level of the minimum wage, lack of apprenticeships and availability of child care”. Ms. Winspear adds “Most unemployed Caymanians have a high school diploma or lower and while there are plenty of available jobs that require only this level of education they tend to be low paid.” Ms. Winspear goes on, “I note that while progress has been made in developing a framework for technical and vocational education and training (TVET), careers guidance in schools does not cover this. Given that the majority of jobs in the Cayman Islands may require TVET skills, this needs to be more of a focus.” Ms. Winspear continues, “I have recommended that WORC prepares forecasts of long-term labour demands and the Government develop a national employment policy. This policy needs to take a holistic approach.”

The report states that the Government provides a range of employment programmes. Many of these are provided by Workforce Opportunities & Residency Cayman (WORC).

Ms. Winspear says, “The Government, through WORC and other entities, provides a number of employment programmes, but the effectiveness of these programmes is unclear.” Ms. Winspear continues, “The seven programmes delivered by WORC and its partners have an average completion rate of 83 per cent over the four years. Although this varies by programme, it is good news.”  Ms. Winspear adds, “However, when you look deeper into the statistics it tells a different story. Across all of the programmes in 2022, less than half of applicants were accepted onto programmes and over a quarter of people started but dropped out before they finished. The low acceptance rate indicates that there are not enough places to meet demand. This is evident for the national apprenticeship programme where less than one in ten were accepted because of limited places.” 

More information about the report can be obtained by contacting Sue Winspear at (345) 938-3201 or Angela Cullen, Deputy Auditor General (Performance Audit) at (345) 922-3220. 

This report and the original OAG reports on which this report is based are available at www.auditorgeneral.gov.ky.