The cost of doing business consistently ranks among the top concerns for Chamber of Commerce members, and is cited as a barrier to employing more Caymanians.
Minister of Employment Tara Rivers thinks otherwise. She told Cayman 27 part of government’s role in creating a business friendly environment is making sure that the home-grown Caymanian labour force gets a legitimate shot at employment opportunities.
She said when businesses hire local it helps their bottom line.
“In the end, it is certainly cheaper to quote, unquote buy local, it relates to local employment, versus having to bring in people from overseas, and all of the fees associated with that,” said Ms. Rivers.
She acknowledged business owners are highly sensitive to labour costs, or anything else that might take a bite out of their bottom line, so she says making sure the willing and capable Caymanians are qualified for jobs will ease the burden on the so-called job creators.