Talent Management in the New Economy

In an increasingly competitive economic environment, firms have to devise and implement strategies to attract, compensate and retain talent in order to achieve business objectives. The challenge is particularly acute in the context of the current recession which puts companies under additional pressure to manage costs, including compensation. How are Jamaican firms, unions and workers responding to this challenge?


Employee Ownership as a Talent Management Tool

The Junior Market of the Jamaica Stock Exchange was envisioned as a tool to allow businesses with a capital base of between $50 million to $500 million to access low cost capital by selling no less than 20% of the business to the public, comprised of at least 25 shareholders. Launched in 2008, the Junior Market has allowed several companies to raise nearly J$1 billion in less than 18 months and created a resurgence in Employee Share Ownership Plans (ESOPs). More...

Dennise Williams, a doctoral student at Mona School of Business,is Vice-President, Marketing at Mayberry Investments Limited


Motivating Employees in a Competitive workplace & a shrinking economy

In today’s challenging global environment, fuelled by the worldwide economic recession and weak prospects for sustainable growth, particularly in developing countries, organisations are challenged to find the right mix of solutions to create the competitive edge needed to ensure their survival in the marketplace. Many of these organisations realise that beyond the necessary technological changes they have to make, the newly emerging business paradigm also compels them to be much more creative and innovative. Unfortunately what stands in the way of this much needed change is the ‘unfreezing’ of the inhibiting traditional corporate culture and human behaviour at the workplace. More...

Danny Roberts, a former trade unionist is the Head of the Hugh Lawson Shearer Trade Union Education Institute in the Consortium for Social Development and Research at the Open Campus, UWI, Mona

A journey Down the Career Road in Jamaica

With the world economy showing signs of recovery in the first quarter of 2010 there are indications that the global aluminium industry is beginning to rebound. However, recovery of the Jamaican industry will lag behind world trends as the alumina plants are high-cost by global standards and so are not likely to come on stream until the global economic recovery strengthens. Hence, turnaround in the medium to long-term will depend substantially on the industry switching from oil to cheaper energy sources like coal or liquid natural gas (LNG) while achieving other operational efficiencies.

Christine Marrett is Senior Programme Officer, Office of External Relations Inter- and Intra-institutional Collaboration, Open Campus,The University of the West Indies.


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